Policy Indications: Harvard Teacher Fellows provides new teachers, local impact  |  International Edu News: Oxford's COVID-19 vaccine offers a high level of protection  |  Leadership Instincts: Harvard University CFAR announces leadership change  |  Parent Interventions: Virtual holiday toy and joy drive  |  Leadership Instincts: New Zealand PM to receive 2020 Gleitsman International Activist Award  |  International Edu News: Science and Innovation Fellowship accepting applications  |  Policy Indications: National Coalition calls for new White House-led focus on children and youth  |  Education Information: Faculty alter new first-year requirement because of continuing Covid-19  |  Leadership Instincts: Phiala Shanahan receives Kenneth G. Wilson Award  |  Leadership Instincts: Erik Demaine wins 2020 MIT Bose Award for Excellence in Teaching  |  Education Information: Second annual MIT Science Bowl Invitational takes virtual format  |  International Edu News: Meghan Davis named 2022 Mitchell Scholar  |  National Edu News: Multilateral cooperation is the key to overcoming global challenges: Minister  |  National Edu News: Tenth edition of National Science Film Festival kicks offin a virtual mode  |  Technology Inceptions: ‘WalkON Suit 4’ Releases Paraplegics from Wheelchairs​  |  
January 05, 2019 Saturday 12:04:08 PM IST

Tesla to Start Delivering Model 3 to China Buyers in March

Technology Inceptions

Tesla said on Friday it plans to start delivering Model 3 cars to customers in China in March, cementing a time frame that the US electric vehicle (EV) maker's chief executive, Elon Musk, tweeted about late last year.

The California-based firm, which aims to accelerate Chinese sales that have been hit hard by the impact of trade tension between Washington and Beijing, said in a statement the starting price for a Model 3 in China would be CNY 499,000 ($72,000).

Tesla cut prices for its Model 3 last month, the third time in the last two months for the firm to adjust prices in China.

In November, Tesla cut the prices of its Model X and Model S in China by 12 to 26 percent.


Tesla has opened a tender process to build a $2 billion(roughly Rs. 14,000 crores) plant in Shanghai - dubbed a Gigafactory - and at least one contractor has started buying materials, Reuters reported earlier last month.

The automaker has said it aims to initially produce about 3,000 Model 3 vehicles per week at the plant and localise its manufacturing and supply chain.

The factory, Tesla's first in China, marks a major bet by the EV maker as it looks to bolster its presence in the world's biggest auto market where it faces rising competition from a swathe of domestic rivals, while its earnings have been hit by increased tariffs on US imports.


Comments