Tesla unveiled the Model YL, a larger six-seat version of its SUV in China priced at 339,000 yuan ($47,000), with deliveries starting in September. The Model YL offers 2,539 liters of cargo space, second-row electric armrests, and a 751 km range on China’s CLTC cycle. Priced $3,600 higher than the Long Range AWD model, it faces competition from domestic EV makers offering cheaper options. Tesla has not confirmed U.S. plans for the YL, but analysts see potential for it to attract families at a price near $51,000. The launch underscores Tesla’s strategy to cater to the Chinese market amidst tough competition.

Read more at NASDAQ.: Tesla Introduces Three-Row Model YL In China At $47,000 Starting Price