Why is the Model Y so cheap, priced at only 276,000 RMB?

Author: Dazhao

Introduction: According to Tesla’s sales feedback, this car has already sold out.

This afternoon, Tesla released the Model Y standard range version and announced the price, which is RMB 276,000. Faced with this “ultra-low” price, everyone’s feedback is almost “great”.

The technical information disclosed by the Model Y standard range version is very limited, and we will roughly analyze it:

Technically speaking, the biggest highlight of the Model Y is undoubtedly the use of lithium iron phosphate batteries, which is a great boon for users who prefer lithium iron phosphate batteries.

Regarding the lithium iron phosphate battery of the Model Y, the supplier is Ningde Times, which is the same as the lithium iron phosphate version of the Model 3. Influenced by this good news, Ningde Times’ stock rose 3.03% to RMB 559.16 per share today, and the total market value reached RMB 1.3 trillion.

Although they are both lithium iron phosphate batteries from Ningde Times, the battery capacity of the two cars is different. According to the Autohome model library, the battery capacity of the Model 3 is 55 kWh, and the Model Y is 60 kWh.

The increase in capacity also prompted the Model Y’s combined range to reach 525 kilometers, 57 kilometers more than the Model 3.

The Model Y adopts a single motor rear-wheel drive system, which is a permanent magnet synchronous motor with a motor power of 220 kW, which is 18 kW more than the current Model 3 motor power of 202 kW.

It is said that the motor of the Model Y is domestically produced, but it is not known which company made it. Also, the Model 3 will switch to this motor later.

Currently, there are not many single motor powertrains in mass-produced electric vehicles that exceed 200 kW. The largest one is the 255 kW Voyah FREE, followed by the 240 kW NIO ES8. However, both of the latter are AC asynchronous motors, so the power of the 220 kW permanent magnet synchronous motor of the Model Y is the largest in terms of market parameters.

In terms of platform, the Model Y is manufactured based on the same technical platform as the Model 3 sedan, and the two cars share about 75% of their parts, which will greatly share the development cost of the two cars.

The so-called same technical platform refers to the similarity in batteries, electric drives, and suspensions between the Model Y and Model 3.

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As for the body, the Model Y uses a steel-aluminum mixed material frame, and key parts are reinforced with high-strength boron steel, which can withstand greater impact force.Compared to other Tesla models, the most significant change in Model Y is probably the electrical system. The old Model S has a total circuit length of 3000 meters, the Model 3 has 1500 meters, while Model Y only has 100 meters.

“Not building slow cars” is Tesla’s consistent brand philosophy. The standard version of Model Y can accelerate to 100 kilometers per hour in just 5.6 seconds, with a top speed of 217 kilometers per hour.

Like Model 3, Model Y’s drag coefficient is also 0.23C.

In the middle-sized SUVs comparison, the standard range Model Y not only has the lowest curb weight but also achieves the highest range of 525 kilometers with the lowest 60-degree electricity, showing excellent overall driving efficiency. Additionally, the standard range Model Y still adopts the lower specific energy lithium iron phosphate battery.

While leading in technology, the standard range Model Y has excellent cost control. On the one hand, it shares the same platform as the Model 3. On the other hand, it uses cheaper lithium iron phosphate batteries and has an overall cost control. These factors contribute to the highly competitive price of only RMB 276,000 for the standard range Model Y.

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.