Tesla expands locally made line-up, blunting trade war impact [Reuters]
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Source: Reuters
Tesla expands locally made line-up, blunting trade war impact BEIJING (Reuters) - U.S. electric vehicle maker Tesla Inc ( TSLA.O ) said on Friday it has started China sales of two more Model 3 variants built at its Shanghai plant, meaning all Model 3 sedans sold in the country are now locally made and not subject to import tax. The development comes at the tail end of a Sino-U.S. trade war characterised by tit-for-tat tariffs on goods and services as varied as metals and cars, which bumped up prices of U.S. made goods in China. It also comes after Tesla suspended production at its San Francisco Bay Area plant due to the broader impact of the coronavirus, with plans to resume normal operation on May 4. Tesla said it aims to start delivering Shanghai-made Long Range Model 3 cars from June this year, priced 339,050 yuan after subsidies. The rear-wheel drive variant, with a driving range of over 600 kilometres before needing to be recharged, differs from the imported version which was a
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