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Tesla launches refreshed Model Y in China to fend off domestic rivals

  • Tesla launched a revamped version of its Model Y in China to compete with local rivals, starting at 263,500 Chinese yuan .
  • The new Model Y is only available for pre-sale in China, with deliveries beginning in March 2025.
  • The redesign includes a sharper front end and new features like improved suspension and a rear passenger touchscreen display.
  • Tesla's stock is up nearly 70% over the last year, despite reporting its first annual decline in overall deliveries for 2024.
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