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Tesla will announce some details for China makes the 3 model on Friday, and it is considering the price of its flagship electric vehicle product at between US $ 43,400 (300,000 yuan Chinese) and US $ 50,700 (350,000 yuan) before subsidies, people familiar with the Bloomberg plans said Tuesday.
The American Electric Vehicle (EV) manufacturer has not yet finalized the exact final price of Model 3 to be made in China, according to one of Bloomberg's sources.
Tesla said in a Chinese social media that an announcement regarding his China made the Model 3 will be this Friday, May 31 and invited people to guess the price of the model 3 manufactured locally.
Tesla is already selling Model 3 on the Chinese market at prices starting at $ 54,600 (377,000 yuan), according to its website. Currently, all Tesla cars sold in China are manufactured in the United States and then shipped to China, which adds logistical costs, import tariffs, and the risk of additional tariffs if the commercial war more degenerate. Imported Tesla vehicles are also not eligible for subsidies.
Tesla has begun building a production site on the world's leading electric vehicle market to compete on a par with a growing number of local electric vehicle manufacturers. As a US-made vehicle, Tesla's cars in China are subject to high tariffs and sales have suffered from the US-China trade war.
In January of this year, Elon Musk joined the mayor of Shanghai for the inauguration ceremony of Tesla's first factory outside the US market and in the world's largest electric vehicle (EV), China.
Tesla aims to complete the initial construction of Shanghai Gigafactory this summer, start production of the model 3 by the end of this year, and achieve high volume production next year, Musk wrote on Twitter the day of the event.
By Tsvetana Paraskova for Oilprice.com
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