Tesla sold more than 657,000 vehicles in China, which was a new record for the company. However, sales have slowed in the first two months of 2025, and a cheaper Model

Tesla has plans to produce a low-cost version of its best-selling Model Y to boost sluggish sales in China, according to a report. The car will cost at least 20% less to produce than the version launched last year,

The stripped-down SUV is aimed at recovering market share from Chinese makers offering less-expensive models.