People familiar with the matter said that the American electric vehicle company Tesla is preparing to launch a improved version of the popular model Model Y in China to cope with the fierce competition in the Chinese electric vehicle market.

Bloomberg News on Wednesday (December 27) quoted people familiar with the matter that Tesla is preparing for the Model Y's improved version, and may begin mass production in the middle of next year.

People familiar with the matter said that the 2024 version of Model Y will have more obvious appearance and interior changes than the version updated in October this year. The October version increases the new wheel design and atmosphere light.

One of the people familiar with the matter said that the first latest Model Y will be produced in the Tesla Shanghai factory, which will discontinue production during the New Year holiday for about one week for partial upgrades.

The Tesla Shanghai Factory was established in 2019. The current electric vehicles produced account for more than half of Tesla's global delivery.Model Y was launched for the first time in 2020 and has now ranked among the best -selling electric vehicle models in the world.

Tesla also launched the new "Model 3 Huanxin Edition" in September this year.5900 yuan.