U.S. electric vehicle (EV) maker Tesla Inc on Friday said it has started taking ...
FILE PHOTO: People walk past a showroom outside Tesla China headquarters at China Central Mall in Beijing, China July 11, 2018. REUTERS/Jason Lee
SHANGHAI - U.S. electric vehicle maker Tesla Inc on Friday said it has started taking orders in China for a lower-priced version of its Model 3 car, as it seeks to expand its lineup and boost sales in the world’s biggest EV market. The California-based firm said in a statement that Chinese customers can now order a standard range Model 3 variant whose starting price of 377,000 yuan will make it the cheapest version of the car in China.Tesla has been adjusting prices of its U.S.-made cars in China to remain affordable in the country, a move also aimed at fending off competition from a swathe of domestic EV startups such as Nio Inc, Byton and XPeng Motors.
Previously, the starting price for a Model 3 in China was 407,000 yuan for a rear-wheel-drive long range version with no Autopilot. Tesla currently imports all the cars it sells in China. It is building a factory in Shanghai that will initially manufacture Model 3 cars.
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