Tesla Inc. lowered the prices of its vehicle models in China on Friday as the sale of new energy vehicles in the country was shown to have jumped by 45% annually in December. The company discounted the price of Model 3 and Model Y cars by as much as $5,240 and $4,220 respectively.
Tesla's latest delivery numbers disappointed, with deliveries to China falling 44% in November to 55,796, according to the China Passenger Car Association (CPCA). The carmaker already offered delivery discounts and insurance subsidies for Chinese sales earlier this month.
