TOKYO (Reuters) - Tesla Inc cut prices in Japan of its Model 3 and Y electric vehicles by low single-digit percentages from the start of this month, it said on Tuesday. The company slashed prices.. Japan is the world's 3rd largest auto market. Sales last year were down about 12% but still totalled 4,598,608. The main brand by far was Toyota (NYSE: TM) with 1,454,577 vehicles. The No. 2 brand.

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Tesla dropped the price of its Model 3 SR+ in China in October 2020 by 8%, confirming it would start using the cheaper lithium-iron phosphate batteries made by Chinese battery maker CATL. But this was not applied to the Long Range Model 3 which, despite being made at Tesla's Shanghai factory since April 2020, still uses an NCA battery.. IHS Markit estimates Tesla sold more than 5,200 cars in Japan last year, up from about 1,900 in 2020, although it also forecasts a brief pause this year while potential buyers wait for the new.