Tesla plans to begin delivering Model 3 sedans to Chinese buyers in March [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Tesla plans to begin delivering Model 3 sedans to Chinese buyers in March Tesla Inc. said on Friday it plans to start delivering Model 3 cars to customers in China in March, cementing a time frame that the U.S. electric vehicle maker’s chief executive, Elon Musk, tweeted about late last year. 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, yuan (US$72,). 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. Story continues below advertisement In November, Tesla cut the prices of its Model X and Model S in China by 12 to 26 per cent. 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
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