It was responsible for more than 80% of the total volume.
When Tesla started production of the Model 3 in China, only the Standard Range Plus (SR+) version was produced at Giga Shanghai. As it turns out, it’s the most popular version, far ahead of the Long Range version.
According to data presented by Moneyball, MIC Model 3 “sales” (or maybe wholesale shipments) during the first 11 months of 2020 amounted to 111,264 and over 80% falls on the SR+:
- SR+: 90,778 or 81.6%
(including 80,633 with NCM batteries and 10,145 with LFP batteries)
- Long Range RWD: 20,484 or 18.4%
- Performance: 2
Of course, the Long Range RWD version (not offered anymore) entered the market later, but even then it was in the minority (20,484 vs 64,201 SR+).
We guess that the SR+ was more popular simply because it was more affordable with good enough range, while the LR was too expensive to get subsidies (price above 300,000 yuan).
Now, the company offers SR+ and top of the line Performance version, which is not only Long Range but also all-wheel drive.
In late 2020, SR+ was also equipped with less expensive LFP batteries. Time will tell whether SR+ will be produced with a mix of NCM and LFP batteries, or if it will be a total shift (most likely, in our opinion) to LFP SR+ and NCM Performance. Maybe there will be a Long-Range AWD version at a later stage as well.
Source: Read Full Article