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SHANGHAI (Reuters) –     Tesla is offering a limited time discount of 6,000 yuan ($859.20) to Chinese buyers on some models from Wednesday through to the end of 2022, a co*pany representative said on Wednesday.

This co*es in addition to a previously announced 4,000 yuan insurance subsidy, but is only applicable for customers buying a current car model and co*pleting delivery by the end of December.

Local media outlet Wallstreetcn first reported the discount.

The move is the latest by the U.S. automaker to adjust its prices in China. The co*pany has cut prices for Model 3 and Model Y cars by up to 9% in China, in addition to the insurance incentives, as its Shanghai plant grapples with elevated inventory levels amid slowing demand in China’s auto market.

These steps helped the Shanghai factory deliver 100,291 China-made electric vehicles (EVs) in November, up 40% from October and the highest monthly sales since it opened in late 2020.

(Reporting by Zhang Yan and Casey Hall; Editing by Christian Schmollinger)