Report says

• Tesla to produce and launch a low-cost Y-car in China in 2026 Reuters Report Friday, please pay attention to people who know about this matter.

• The vehicle will eventually be launched in Europe and North America, but Reuters’ Sources have no timeline for timeline.

• Tesla’s sales in China are under pressure from many domestic competitors, with sales reportedly falling 50% in February.

Tesla (TSLAAccording to Friday’s report Reuters.

The news agency quoted three people familiar with the matter as saying the vehicle will be produced in large quantities at Tesla’s Chinese factory in 2026. The cost of production may be at least 20% less, with a retail price of less than the current base price of the Y model of $263,500 ($36,405) and a retail price of $263,500 ($36,405) for the retail price of $263,500 ($36,405) for the Y model. Reuters Report.

Reuters A cited an anonymous source said the lower cost model will eventually be launched in North America and Europe, but no timeline is provided. Tesla did not immediately respond to a request for comment.

A low-cost electric car has long been a target for Tesla, and CEO Elon Musk rejected reports that the company abandoned the project last year. Musk said in recent quarters that Tesla is expected to produce and launch low-cost electric vehicles in the first half of this year, but has not yet provided details such as release date or price.

With the development of many domestic electric vehicle manufacturers and occupying some of Tesla’s market share, China’s electric vehicle market has become increasingly fierce. Tesla’s Chinese sales reportedly fell almost 50% in February, down from the same period last year.

Tesla shares rose about 2% in listing trading on Friday. Starting from Thursday’s closing price, they will have to earn higher incomes from a week when Monday’s 15% drop, otherwise the stock will decline for eight consecutive weeks.

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