FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo
BEIJING (Reuters) – U.S. electric vehicle maker Tesla Inc’s prices for two China-made model 3 variants rose after authorities cut subsidies in the world’s biggest auto market.
China cut subsidies on electric vehicles by 10% this year, effective April 23, but there will be a three-month transition period.
After the adjustment, the starting price for the Shanghai-made Standard Range Model 3 sedans will rise to 303,550 yuan ($42,900) from 299,050 yuan, while Long Range Model 3 cars, which Tesla plans to roll out from June this year, will be priced at 344,050 yuan versus 339,050 yuan, a company website showed.
Prices for those models before subsidies remain unchanged.
Tesla, which started delivering cars from its $2 billion Shanghai factory last year, saw its China registrations rose to 12,709 units in March from 2,314 in…
Source Reuters Tech News
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