Tesla had launched a new incentive offer in China for customers who order a vehicle from existing inventory. The offer is only available if they take delivery of the car before the end of the year and purchase insurance through one of Tesla’s partner insurers.
According to a post on the automaker’s official Weibo account, any customer who orders a new, used, or demo vehicle from Tesla’s existing inventory and follows those conditions will be eligible to receive up to ¥8,000 (~$1,500 CAD/$1,100 USD) off their purchase.
If they take delivery by November 30 they get the full ¥8,000 incentive, and if they take delivery between December 1 and December 31, the incentive is reduced to ¥4,000.
This offer builds on another that launched back in September where the automaker offered an incentive of ¥7,000 if a customer orders a new car and takes delivery before December 31, 2022.
This is the latest effort by Tesla to boost deliveries in China in the final quarter of the year. The automaker cut prices across its entire lineup last month, a move which made the entry-level Model Y eligible for the country’s purchase tax exemption.
All of this comes after Tesla was able to increase Giga Shanghai’s production figures from around 750,000 cars per year to well over 1 million following factory upgrades that were completed over the summer.
The upgrades have translated into immediate results with Tesla producing and delivering vehicles at record levels over the past two months.
Tesla China’s Q4 figures will hopefully also get a boost from the introduction of the Model S and Model X Plaid in the country. The two flagship vehicles officially debuted in China last week at the China International Import Expo (CIIE), along with the Model 3 and Model Y, and Optimus.