What?
Tesla recently filed for an updated Model 3 Performance variant in China. This model boasts dual electric motors, with power outputs of 137 kW and 265 kW, and is equipped with battery cells from South Korea’s LG Energy Solution. The filing, made by Tesla (NASDAQ: TSLA), was included in China’s Ministry of Industry and Information Technology (MIIT) catalog, open for public feedback between May 12-17. The Model 3 Performance, with a single model number TSL7000BEVBA5, is manufactured at Tesla’s Lingang factory in Shanghai.
Why does it matter?
This updated Model 3 Performance marks a significant move by Tesla to expand its offerings in China, one of the world’s largest electric vehicle markets. The model’s specifications, including dimensions and performance metrics, reveal Tesla’s commitment to innovation and meeting the demands of the Chinese market. With a top speed of 261 kilometers per hour, acceleration from 0 to 100 kilometers per hour in 3.1 seconds, and a range of 623 kilometers, the Model 3 Performance caters to drivers seeking both power and efficiency.
The pricing of the updated model, starting at RMB 335,900 ($46,480) in China, positions it as a premium option within Tesla’s lineup, reflecting the brand’s focus on luxury and cutting-edge technology. The decision to include LG Energy Solution battery cells highlights Tesla’s strategic partnerships to enhance the performance and reliability of its electric vehicles.
How is it going to shape the future?
Tesla’s move to launch the updated Model 3 Performance in China underscores the company’s efforts to solidify its presence in a key market for electric vehicles. By offering a high-performance variant with advanced features and technology, Tesla aims to attract discerning customers who prioritize speed, range, and sustainability. The public feedback period initiated by the MIIT allows for further engagement with potential buyers, potentially shaping Tesla’s future offerings based on consumer preferences and market trends.
Overall, the introduction of the updated Model 3 Performance in China reinforces Tesla’s position as a leading player in the global electric vehicle industry, setting new standards for performance, innovation, and customer experience. As deliveries of this model are expected to begin in the third quarter, Tesla continues to push boundaries and redefine the possibilities of electric mobility.
Source: https://cnevpost.com/2024/05/11/tesla-files-updated-model-3-p-china/