Shanghai factory Tesla started shipping 15 freshly picked Model 3 electric car owners – they were themselves employees of the company. To date, the Assembly line go 1000 cars a week, and the localization is 30 percent. By the end of 2020 it will reach 100 percent.
Delivery of electric cars to other customers will start in January. While at the local market Model 3 is from 355 to 800 yuan, however, increasing the level of localization and the volume of production (the plant is designed to produce 250 thousand cars per year), electric vehicles may become cheaper.
According to preliminary estimates, the initial cost will be reduced by 20 percent. In the future at the Shanghai plant to start producing the second model, Model Y.