Tesla is offering a confined time lower price of 6,000 yuan ($859.20) to Chinese buyers on some designs from Wednesday via to the stop of 2022, a organization agent mentioned on Wednesday.

This arrives in addition to a formerly declared 4,000 yuan insurance plan subsidy, but is only applicable for consumers shopping for a existing auto product and completing shipping by the stop of December.

Local media outlet Wallstreetcn to start with described the lower price.

The shift is the hottest by the U.S. automaker to modify its price ranges in China. The corporation has lower selling prices for Design 3 and Model Y cars by up to 9% in China, in addition to the insurance policies incentives, as its Shanghai plant grapples with elevated inventory ranges amid slowing desire in China’s car market place.

These techniques helped the Shanghai manufacturing unit deliver 100,291 China-made electric autos (EVs) in November, up 40% from October and the maximum every month income because it opened in late 2020.