BEIJING, April 7 (Afp) — Tesla plans to expand its product line in China, according to bloomberg sources, as the U.S. electric car company could sell its domestic long-range Model 3 model in the Chinese market as early as this week. The source asked not to be named because the company has not officially announced the news.
Tesla currently sells the basic model 3 for 32,380,000 yuan (about $458,000), the basic version has a range of 450 kilometers, and the long-range Model 3 will have a range of more than 650 kilometers on a single charge. Sources said the long-term version of the Model 3 could start at about Rmb350,000, but the company has yet to make a final decision on the price.
As with the lower-priced standard Model 3, the long-range model will be eligible for an electric vehicle subsidy, and consumers who purchase it will be exempt from vehicle purchase tax.
Representatives for Tesla did not immediately respond to a request for comment.
The entire auto industry has been hit hard by the outbreak, with Tesla’s new car registrations in China falling in the past two months.
With the help of local authorities, Tesla’s superfactory in Shanghai has resumed work after it was shut down to prevent the spread of the new coronavirus outbreak. Last month, Tesla said its Shanghai plant, which now has nearly 3,000 vehicles a week, had already exceeded its previous production levels after it completed production on February 10. The Shanghai plant is Tesla’s only current plant outside the U.S. mainland, and another in Germany is under construction.