Tesla opens bookings for made in China Model 3

According to a media report, Tesla has released the prices for made in China Model 3 sedan and has started accepting bookings. The car will be offered at a starting price of 328,000 yuan and customers can book their cars with a payment of 20,000 yuan. Deliveries are expected to begin in 6 to 10 months.

In November 2017, Tesla finalised a manufacturing facility in China. The first model to be manufactured in this facility will be the Model 3. Compared to the made in USA Model 3 cars sold in China, the locally made cars are 49,000 yuan cheaper.

Local production will give access to incentives which could help Tesla sell more cars. China has slowly been reducing its incentives on EVs and it is unclear if they will be offered on the locally manufactured Model 3.

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