On the morning of May 1, Tesla’s official microblog announced today that the price adjustment for the Model 3 standard battery extension in China will be adjusted to 291,800 yuan from now on.
Here’s the Tesla official micro-text:
From now on, the base price of the China-made Model 3 standard battery life upgrade will be adjusted to 291800 yuan, according to this base price calculation, after the subsidy price of 271550 yuan. We hope that through this price adjustment, more Chinese consumers can enjoy a better value for money. At the same time, we will also adhere to the direct sales and service system, for the owners to provide excellent service.
On April 23, the Ministry of Finance, the Ministry of Industry and Information Technology and other four ministries issued a new new policy of new energy subsidies, this year from the price of more than 300,000 yuan of new energy vehicles will no longer enjoy subsidies, but support for the power exchange model of vehicles, the new policy will come into effect on July 22. Since the pre-subsidy price (323,800 yuan) for the Standard Battery 3 standard in China is above the threshold of 300,000 yuan, the model will lose its subsidy after July 22 if the price is not adjusted.
In addition, on April 24, Tesla announced that the Chinese-made Model 3 standard battery-renewed version and long-range version of the price rose by 4,500 yuan and 5,000 yuan, respectively, mainly due to the new new energy subsidy policy. This time, model 3’s rear drive and high-performance version slot are not affected.