Tesla raises China-made Model 3 prices after EV subsidies cut

By REUTERS | 24 April 2020

BEIJING: Tesla Inc raised prices for two China-made Model 3 variants after authorities cut subsidies in the world’s biggest auto market.

China cut subsidies on electric vehicles, effective April 23, but will have a three-month transition period.

The starting price for the Shanghai-made Standard Range Model 3 sedans is 303,550 yuan (RM188,000) after receiving subsidies, up from 299,050 yuan (RM185,000), while Long Range Model 3 cars, which Tesla plans to roll out from June this year, are now priced at 344,050 yuan (RM213,000) versus 339,050 yuan (RM210,000) earlier, a Tesla China company website shows.