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Tesla prices China-made Model 3 at 328,000 yuan as China plan accelerates

Tesla prices China-made Model 3 at 328,000 yuan as China plan accelerates

U.S. electric vehicle (EV) maker Tesla Inc said on Friday it would price its China-made Model 3 vehicles from 328,000 yuan (37,688 pounds), as it pushes production and sales in the world’s largest new-energy vehicle market.


The carmaker has been building a factory in China since January where it will start producing Model 3 cars. Pre-orders for the vehicles will also start on Friday, the company said on its website.
                                    Tesla prices China-made Model 3 at 328,000 yuan as China plan accelerates
The standard range plus Model 3 is 49,000 yuan cheaper than China’s current cheapest version, also standard range plus, even though it remains unclear whether the carmaker will receive China’s subsidies for new energy vehicles.

The starting prices for five different versions of China-made Model 3s range from 328,000 to 522,000 yuan. Customers can expect to receive the car in 6-10 months, the company said.

The higher-end version of the Model 3 will still be imported from the United States.

Investors are focussed on whether the gross profit margin on the Model 3 will remain around 20 percent in China.

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