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Tesla to lower prices of imported Model S and Model X

Xinhua News,SHANGHAI
2020-05-27 15:29

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SHANGHAI, May 27 (Xinhua) -- U.S. electric car company Tesla announced Wednesday that it will lower the prices of imported Model S and Model X cars by 29,000 yuan (about 4,051 U.S. dollars) in China.

Tesla reduced the price of its made-in-China Standard Range Plus Model 3 in early May to less than 300,000 yuan to meet the government's new eligibility requirements for subsidies.

According to the company, Tesla will achieve a production rate of 4,000 cars per week in its Shanghai gigafactory by June, surpassing its designed capacity.

The Tesla Shanghai gigafactory resumed operation on Feb. 10 after the COVID-19 outbreak, among one of the earliest automakers to go back to work in China.


 
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