Tesla began selling its Model Y rear-wheel drive sedan in South Korea on Friday at a price of 56.99 million won ($45,139), according to the automaker’s website, qualifying the vehicles for the maximum rate of government subsidies.
The car, which has a driving range of 350 kilometers (217.48 miles) and a top speed of roughly 217 kilometers per hour, will be available for delivery between August and September, according to the electric vehicle manufacturer.
According to local media, the Tesla Model Y vehicles were manufactured in China. Tesla Korea announced the sale with a video showing cars being manufactured and shipped from its Gigafactory in Shanghai.
The price can be cut further to under 50 million won with subsidies and Tesla’s referral program, according to the business.
In Seoul, consumers can receive up to 8.6 million won in subsidies for EVs priced under 57 million won.
