Tesla Opens Orders for Made-in-China Model 3, Lowers Price
- Local version to start at 328,000 yuan, including VAT
- Buyers can expect deliveries in the next six to 10 months
Visitors walk past a Tesla Model 3 at the Shanghai Auto Show in April 2019.
Photographer: Greg Baker/AFP via Getty Images
This article is for subscribers only.
Tesla Inc. started taking orders for Model 3 cars to be made in China, lowering prices for the vehicle as it seeks to double down on a market it expects to drive future growth and revenue.
The Palo Alto, California-based company set the base price at 328,000 yuan ($47,523), including value added taxes, according to a statement Friday. The sedans, to be built at Tesla’s Gigafactory in Shanghai, will have a range of 460 kilometers (286 miles) per charge and will probably be delivered in six to 10 months. The car is 49,000 yuan cheaper than the imported version.