SEOUL (Reuters) – Tesla began selling its rear-wheel-drive Model Y on Friday in South Korea at a price of 56.99 million won ($45,139), the automaker’s website said, making vehicles are eligible for the maximum rate of government subsidies. .

The car, which boasts a driving range of 350 kilometers (217.48 miles) and has a top speed of around 217 km per hour, is available for delivery between August and September, the electric vehicle maker said.

Local media said that the Tesla Model Y cars were made in China. A Tesla Korea tweet announcing the sale featured a video of cars being produced at its Gigafactory in Shanghai and shipped. With subsidies, along with Tesla’s referral program, the price can be further reduced below 50 million won, the company said. In Seoul, consumers can receive subsidies of up to 8.6 million won for electric vehicles priced below 57 million won.

($1 = 1,262.5400 won)

(Reporting by Hyunsu Yim; Editing by Ed Davies)

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