The New Variant Tesla Model 3+ is Set to be Launched in China, Featuring an Expected Range of Approximately 500 Miles

Tesla is set to unveil a new variant of its popular Model 3 in China, dubbed the Model 3+. This latest iteration is designed to enhance driving range significantly, targeting an impressive 800 km (500 miles). This move comes as part of Tesla's strategy to maintain its competitive edge in the rapidly evolving electric vehicle (EV) market, particularly against rivals offering longer ranges.

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The Model 3+ will feature a single-motor rear-wheel-drive configuration, equipped with a more powerful 225 kW motor compared to the existing RWD variant. Notably, while the current Model 3 utilizes lithium iron phosphate (LFP) battery cells, the new variant will incorporate ternary lithium-ion cells sourced from LG Energy Solutions in South Korea. This shift is expected to improve energy density without altering the vehicle's dimensions or weight, thereby optimizing performance.

Tesla's current Model 3 lineup in China includes variants with ranges of 634 km, 753 km, and 623 km based on the China Light-Duty Vehicle Test Cycle (CLTC). The introduction of the Model 3+ aims to address the growing consumer demand for longer-range vehicles, especially as competitors like the Xiaomi SU7 offer up to 830 km (516 miles). This strategic pivot indicates Tesla's recognition that competing in the lower market segment may not be viable, prompting a focus on the premium segment where it can enhance gross margins, which have been under pressure.

While Tesla may face challenges in the price war within the Chinese market, the emphasis on specifications and range is crucial. The Model 3+ represents a proactive approach to reclaiming its position in the EV specs battle, ensuring that Tesla remains a formidable player in the premium electric sedan market.

Information Source: electrek