|
The California-based firm, which aims to accelerate Chinese
sales that have been hit hard by the impact of trade tension
between Washington and Beijing, said in a statement the starting
price for a Model 3 in China would be 499,000 yuan ($72,000).
Tesla cut prices for its Model 3 last month, the third time in
the last two months for the firm to adjust prices in China.
In November, Tesla cut the prices of its Model X and Model S in
China by 12 to 26 percent.
GIGAFACTORY
Tesla has opened a tender process to build a $2 billion plant in
Shanghai - dubbed a Gigafactory - and at least one contractor
has started buying materials, Reuters reported earlier last
month.
The automaker has said it aims to initially produce about 3,000
Model 3 vehicles per week at the plant and localize its
manufacturing and supply chain.
The factory, Tesla's first in China, marks a major bet by the EV
maker as it looks to bolster its presence in the world's biggest
auto market where it faces rising competition from a swathe of
domestic rivals, while its earnings have been hit by increased
tariffs on U.S. imports.
(Reporting by Yilei Sun in BEIJING and Adam Jourdan in SHANGHAI;
Editing by Christopher Cushing)
[© 2019 Thomson Reuters. All rights
reserved.] Copyright 2019 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
 |
|
