Tesla has introduced a revamped Model Y in China, aiming to recapture market share from competitors like Xiaomi. Priced at 263,500 yuan ($35,900), the updated Model Y is 5.4% more expensive than its predecessor.

Tesla launched a new version of the Model Y, its best-selling car, in China on Friday, hoping that a redesigned exterior and upgraded features inside will help it regain market share taken by rivals such as Xiaomi.

Tesla Inc. officially launched its refreshed Model Y sport utility vehicle in China on Friday and started to take orders, its website showed.

Tesla on Friday launched a revamped version of its Model Y car in China, its best selling yet aging model, with a starting price of 263,500 yuan ($35,938). The revamped version includes a Model Y variant of with a longer driving range of 719 km (447 miles) per charge,

Tesla unveiled the latest version of the Model Y crossover on Friday, revealing some design tweaks and a series of upgraded features. There was much anticipation ahead of the launch on its Chinese consumer site,