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Shanghai-Made Budget Tesla Model 3 Goes on Sale in South Korea

Plastmatch 2026-01-27 11:01:45
Recently, CheZhiWang learned from relevant sources that a "budget version" of the Tesla Model 3 has gone on sale in South Korea, with a guide price of 41.99 million Korean Won, approximately 201,100 RMB. It is understood that all models sold in the South Korean market are produced at the Shanghai Gigafactory, which also indirectly indicates that its launch in mainland China is not far off. Considering logistics and other costs, the price of the "budget version" Tesla Model 3 in China is likely to drop further in the future, possibly as low as 170,000 RMB.

The "budget-friendly" Tesla Model 3 has been adjusted in terms of exterior, interior, configuration, and the three-electric system (battery, motor, and electric control). In comparison, the previous entry-level Tesla Model 3 in the Korean market had a range of 583km, while the budget-friendly version has been reduced to 382km. Furthermore, the 0-100km/h acceleration time also differs, increasing from 5.2s to 6.2s.

The exterior changes are not significant, with the most obvious difference being that the "budget" Tesla Model 3 is only available with one 18-inch wheel option. The all-black fabric interior is more minimalist and understated, the steering wheel has changed from electric to manual adjustment, and the front seats no longer support electric adjustment. In terms of comfort, the front seats only retain heating function, and the independently controlled rear air conditioning has also been removed.

Benefiting from the localization advantages of the Shanghai Gigafactory, over 95% of the components for the Tesla Model 3 have achieved localized sourcing. Referring to the version launched in South Korea, the "budget" Tesla Model 3 to be released in China will eliminate export logistics and transportation costs. In addition to the potential for further price reductions, core indicators such as configuration and range may also be optimized specifically for the Chinese market. 12365Auto will continue to monitor and report on further news regarding the new vehicle.

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