Tesla raises China-made Model 3 prices after EV subsidies cut


FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo

BEIJING (Reuters) – U.S. electric vehicle maker Tesla Inc raised prices for two China-made model 3 variants after authorities cut subsidies in the world’s biggest auto market.

China cut subsidies on electric vehicles, effective April 23, but will have a three-month transition period.

The starting price for the Shanghai-made Standard Range Model 3 sedans is 303,550 yuan after receiving subsidies, up from 299,050 yuan, while Long Range Model 3 cars, which Tesla plans to roll out from June this year, are now priced at 344,050 yuan versus 339,050 yuan earlier, a Tesla China company website shows.

Reporting by Yilei Sun and Brenda Goh; Editing by Muralikumar Anantharaman

Products You May Like

Articles You May Like

Prepare to study in Canada
Study permit: Who can apply
Boost PNP Slots For International Students, Conference Board Says
Quebec Issues 998 Canada Immigration Invitations To Candidates With Job Offers Outside Montreal
Newfoundland And Labrador Wants Its Provincial Canada Immigration Allotment Doubled
Hybrid Work Arrangements Becoming Popular As Canada Jobs Market Remains Tight
British Columbia Conducts First PNP Draws Since Overhaul Of Provincial Immigration Program

Leave a Reply

Your email address will not be published. Required fields are marked *