A Tesla Inc. Model 3 vehicle set to be delivered to a company employee moves off an assembly line during a ceremony at the company's Gigafactory in Shanghai on Monday, December 30, 2019. Photo: Bloomberg A Tesla Inc. Model 3 vehicle set to be delivered to a company employee moves off an assembly line during a ceremony at the company's Gigafactory in Shanghai on Monday, December 30, 2019. Photo: Bloomberg
A Tesla Inc. Model 3 vehicle set to be delivered to a company employee moves off an assembly line during a ceremony at the company's Gigafactory in Shanghai on Monday, December 30, 2019. Photo: Bloomberg

Tesla cuts the price of China-made Model 3 cars by 9 per cent to compete with home-grown brands in world’s No. 1 car market

  • The price of Model 3 cars with a standard-range battery pack has been lowered to 323,800 yuan from 355,800 yuan, according to Tesla’s website
  • After the Chinese government’s 25,000-yuan subsidy, a Model 3 vehicle starts from 299,050 yuan, pricing it between NIO’s electric SUVs at 358,000 yuan, and Xpeng Motor’s P7 at 240,000 yuan

Topic |   Tesla
A Tesla Inc. Model 3 vehicle set to be delivered to a company employee moves off an assembly line during a ceremony at the company's Gigafactory in Shanghai on Monday, December 30, 2019. Photo: Bloomberg A Tesla Inc. Model 3 vehicle set to be delivered to a company employee moves off an assembly line during a ceremony at the company's Gigafactory in Shanghai on Monday, December 30, 2019. Photo: Bloomberg
A Tesla Inc. Model 3 vehicle set to be delivered to a company employee moves off an assembly line during a ceremony at the company's Gigafactory in Shanghai on Monday, December 30, 2019. Photo: Bloomberg
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