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A company representative from Tesla (NASDAQ:TSLA) announced on Wednesday that the electric vehicle maker will be offering a limited-time discount of CNY 6,000 ($859.20) to Chinese buyers on some models through the end of 2022.
The discount comes in addition to a previously announced CNY 4,000 insurance subsidy but is only applicable for customers buying a current car model and completing delivery by the end of December.
Tesla has cut prices for Model 3 and Model Y cars by up to 9% in China, in addition to the insurance incentives. The price adjustments have helped the company’s Shanghai factory to deliver 100,291 China-made electric vehicles (EVs) in November, up 40% from October and the highest monthly sales since it opened in late 2020.
Shares of TSLA are down 2.97% in pre-market trading on Wednesday.
