Tesla's Model Y RWD with LFP batteries set to conquer Canadian market with massive incentives.

1 min read
Source: Reuters
Tesla's Model Y RWD with LFP batteries set to conquer Canadian market with massive incentives.
Photo: Reuters
TL;DR Summary

Tesla has started producing a version of its Model Y in Shanghai to be sold in Canada, marking the first time the automaker will ship cars to North America from China. The move will connect Tesla's largest and most cost-efficient factory in the world to North America, its largest market. The Canadian government's website was updated to show that the new version of the Model Y and the more expensive long-range variant both qualify for incentives of C$5,000 on purchase or a four-year lease. Tesla's Shanghai plant uses lithium-iron phosphate batteries for the Model Y version produced there for sale in China and for export to Europe and other markets.

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