Tesla's China-made Model 3 may be priced up to US$51K, says Bloomberg

By REUTERS | 28 May 2019


SAN FRANCISCO: Tesla Inc is considering pricing its China-manufactured Model 3 vehicles between 300,000 yuan and 350,000 yuan (RM183,000-RM213,000) before subsidies, Bloomberg reported today, citing people familiar with the matter.

The final price is still being worked out, Bloomberg said citing a source.

The electric carmaker currently ships Model 3 vehicles from the United States to sell in China.

Tesla is counting on its Shanghai factory, which is scheduled to begin production this year, to manufacture Model 3 cars as it seeks to expand its lineup and boost sales in the world’s biggest EV market.

Tesla was not immediately available for a comment on the pricing, but an announcement is expected on May 31, according to a social media post by the company.

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