Tesla makes cheaper version of Model 3 for China
Tesla is now accepting orders in China for a cheaper version of Model 3. This is the rear-wheel-drive model with a “long-range” battery, available in China from 433,000 Renminbi Yuan (around 56,000 Euro).
This is 66,000 Renminbi Yuan (approx. 8,500 Euro) less than the all-wheel-drive counterpart listed in the China configurator so far. According to Reuters, Tesla is taking this step to mitigate the effects of the trade conflict between the US and China, which is manifested in the Californians’ sluggish business in China. Tesla also wants to hold its own against domestic start-ups such as Nio, Byton and Xpeng Motors.
Deliveries of the Model 3 in China are scheduled to start in March. Tesla also plans to start production of the Model 3 in Shanghai this year. A schedule that is again in question, with Tesla boss Elon Musk maintaining that high unit numbers can only be achieved from 2020.
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