Tesla launched a new version of the Model Y, its best-selling car, in China on Friday, hoping that a redesigned exterior and upgraded features inside will help it regain market share taken by rivals such as Xiaomi .

Tesla has quietly unveiled its facelifted Model Y with new styling that will help it keep up with rivals like Kia and Volvo. Though currently only available in the Asia Pacific region, the refreshed "Juniper" model is likely to appear stateside in the coming months.

Tesla reportedly plans to introduce a six-seat variant of the Model Y in China later this year. As the EV market continues to evolve, the company is doubling down on innovation and design to maintain its foothold in the region.