Tesla reduces the price of cars of Chinese assembly

Tesla reduces the price of cars of Chinese assembly

January 5, 2020 0 By autotimesnews

At the end of last year, the American manufacturer of electric cars commissioned its factory in China.

Tesla, a leading electric car manufacturer, has announced prices for its Chinese-made cars. Recall that the construction of the plant in Shanghai began at the beginning of last year and was completed as soon as possible. The Shanghai factory is Tesla’s only facility outside the United States. After receiving subsidies from the Chinese government, Tesla was able to lower the price of cars that are going to China. Recall that due to the difficult environmental situation in China, the government of this country provides subsidies to electric car manufacturers, provided that the plant is located in China. Now the price of the most popular Tesla Model 3 today is reduced by 16% to 299,050 yuan, which is about 42,919 US dollars.

Note that lowering Tesla prices in China is a strategic decision – in addition to reducing the cost of the cars themselves, it is also possible to purchase car accessories and chargers.

┬áDeliveries of vehicles assembled in Shanghai will begin on January 7. To date, the first 15 cars have already found their customers – they are the company’s employees. Today, the level of localization of production is 30%, however, plans are to bring it to 100% by the end of the year, which will make the company even more profitable.