The U.S. automaker reduced its starting price for Model 3 to 229,900 yuan ($33,427.84) from 265,900 yuan, and lowered it for Model Y to 259,900 yuan from 288,900 yuan, the website showed.

($1 = 6.8775 Chinese yuan)

(Reporting by Zhang Yan and Brenda Goh; Editing by Himani Sarkar)