Tesla hikes prices for its Model Y cars in China

Tesla Inc has raised the price for some Model Y cars for the Chinese market.

The price for the Long Range version of the Model Y increased by 5% to 394,900 yuan.

Prices for other versions and for the Model 3 are unchanged, according to Tesla’s Chinese website.

Tesla raised prices for all its car models in the United States on Thursday, in response to persistent global supply chain problems and soaring raw material costs.