Tesla delivers first China-made Model 3 sedans GlobeBusiness
The China-made Model 3 sedans are priced at 355,800 yuan before subsidies. Imported Model 3 vehicles start at 439,000 yuan for the longer-range version, while the standard range plus model costs under $40,000 in the United States.The Shanghai plant, up and running in just 357 days, is part of Tesla’s plans to bolster its presence in the world’s biggest car market and minimize the impact of the U.S.-China trade war.
“From now onwards China-made Model 3 vehicles will start running on China’s large streets and small lanes,” Tesla vice-president Tao Lin said at the delivery ceremony, which was attended by employees and Shanghai government officials. The Chinese government has been supportive of the factory, the first wholly foreign-owned car plant and a reflection of Beijing’s broader shift to open up its auto market.Tesla has taken a different approach to the Chinese market, the world’s biggest for electric vehicles with 1.3 million new-energy vehicles sold last year, as is evident from its marketing blitz in the country that is quite unlike anywhere else.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global shares lower with eyes on North Korea, China-U.S. trade dealShares were mostly lower Monday in Europe and Asia, though Chinese benchmarks surged on expectations of lower financing costs following a policy decision by the central bank.
Read more »
China jails Protestant pastor for 9 years for 'inciting' subversionChina on Monday jailed the leader of an unofficial Protestant church for nine years for 'incitement to subvert state power.'
Read more »
Taiwan president says China threatening island's democracyTaiwanese President Tsai Ing-wen says that the self-governing island's democracy remains under direct threat from rival China, underscoring her calls for closer ties with the U.S. and other allies.
Read more »
China launches giant Long March rocket as space race heats upMissions involving the Long March 5 will include sending a lunar rover named Chang’e 5 to bring back samples from the moon’s surface, as well as sending spacecraft to Mars
Read more »
Chinese scientist who gene-edited babies sentenced to three years in prisonHe Jiankui’s controversial research and work provoked a backlash in China and around the world
Read more »
10 Break-out stars in Canada’s automotive market in 2019The industry is in a bit of a slump, but things are still looking bright for these 10 models
Read more »