Tesla can reduce the cost of the electric vehicle Model 3 20%

Tesla can reduce the cost of the electric vehicle Model 3 20%


American company Tesla can reduce the cost of an electric car Tesla Model 3 Chinese Assembly 20% and over. On 18 December he informed Bloomberg, based on its sources.

To reduce the cost produced in Shanghai, the company of Tesla is going through increasing localization of production, using it more assembled in China of parts and components. This will allow the American brand to reduce the volume of imports from America and, thereby, avoid related import duties.


The price of electric vehicles produced at the new Tesla factory in China, begin with 355 800 yuan (about 50 $ 550). They are likely to be reduced in the second half of 2020. The 20% reduction will lower the price below the psychological mark of 300, 000 yuan, the making of Tesla cars more attractive to buyers. It is necessary to the manufacturer under the conditions when the largest electric-vehicle market showed signs of slowing down.

For lowering prices, the automaker aims to use more local components to avoid paying import duties.

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