How does the Tesla Model 3 work for less than $300,000?

On January 3, 2020, Tras officially announced that the TESLA Model 3 model made in China would be delivered on January 7, but the most striking was the price – the domestic Model 3 model sold for 2990 after receiving the state’s new energy subsidy and purchase tax relief. 50 from.

How does the Tesla Model 3 work for less than $300,000?

This is the first Tras model to start at less than $300,000.

Tras Model 3 from 299050

In addition to the starting price of less than $300,000, Tesla offers users a $45,000 down payment option. It’s important to note that the Tesla Model 3 comes standard with a free black paint from $299,050, but the color scheme slots of pearl white, cold silver, deep-sea blue and Chinese red requirean an optional price of $8,000;

In addition, Model 3 users will need an additional $8,000 to enjoy Tras’s home charging piles and installation at a starting price of less than $300,000, while Model S/X owners will still be able to continue their existing home charging policy.

How does the Tesla Model 3 work for less than $300,000?

It should be noted that the domestic version of the Tesla Model 3 battery is divided into two versions, one of which has a battery energy density, NEDC battery life and power consumption of 145Wh/kg, 445km, 12.4KWh/100km, and the other is 153Wh/kg, 455km, 12.5kWh/100km – this time priced at less than 300,000 yuan.

The Teras Model 3 starts at $323,800. Tesla Model 3 is listed according to the “Recommended Model Sage for the Promotion and Application of New Energy Vehicles” issued by the Ministry of Industry and Information Technology on December 6, 2019, while under the current new energy subsidy standard, the amount of subsidy for private purchases is RMB24,750 and the amount of subsidy for new energy passenger cars operated by non-private purchases or users is RMB17325.

In addition, in August 2019, Tesla’s Model S, Model X, Model 3 was shortlisted for the New Energy Vehicle Vehicle Smolder vehicle catalog (26th batch) for the period from August 30, 2019 to December 31, 2019 Enjoy the purchase tax relief policy up to $99,000.

How does Tras achieve domestic production?

This time the Tesla Model 3 was available for sale at a price of less than RMB 300,000, and thanks to the success of Tras’ localization, its advantages in terms of policy enjoyment and productivity improvement are important reasons for the lower price of the domestic Tesla.

How does the Tesla Model 3 work for less than $300,000?

Let’s take a look at the timeline for Tesla’s localization:

In May 2018, Tesla established Tesla (Shanghai) Co., Ltd. in Shanghai with a registered capital of 100 million yuan.

On July 10, 2018, Tesla officially announced the construction of a fully owned Tesla Super plant in Shanghai. At the same time, Tesla and Shanghai Lingang Management Committee, Lingang Group signed an investment agreement for the pure electric vehicle project, will be in Shanghai Lingang area wholly-owned to build a research and development, manufacturing, sales and other functions in one of the Tesla Super Plant (Gigafactory 3), the project is planned to produce 500,000 electric vehicles a year.

In October 2018, Tesla signed a land transfer agreement, and Tesla’s Shanghai Super plant is more than 1,200 acres.

On January 7, 2019, Tesla’s Shanghai Super plant officially opened, becoming China’s first wholly foreign-owned automotive plant. Tesla CEO Elon Musk, who was in attendance, also said on social media that the Shanghai Superplant plans to complete initial construction in the summer of 2019, begin production of the Model 3 by the end of the year and mass production the following year.

On May 31, 2019, Tesla announced that it will produce the Model 3 Standard Life-Renewed Plus at its Shanghai Super plant in China and officially open to vehicle reservations.

Production of the domestic Tesla Model 3 will begin in October 2019. Tesla’s Shanghai Superplant, built in 10 months, is running out of “Shanghai Speed” again, while its construction costs are about 65 percent lower than the Model 3 production line in the U.S. (in terms of capital expenditure per unit capacity), according to official Tesla official information. “I think China is the future, and the Shanghai plant is amazing, ” lamented Musk, the CEO of Telstra, who is in such an efficient construction process. “

In November 2019, the Ministry of Industry and Information Technology issued the 325th batch of Road Motor Vehicle Production Enterprises and Product Stakes, agreeing to establish a pure electric passenger vehicle production enterprise with the name “Tesla (Shanghai) Co., Ltd.”, indicating that Tesla’s Shanghai Super Factory has officially obtained the Ministry of Industry and Information Technology’s production license.

On November 22, 2019, the first domestic Tesla Model 3 to go online entered the national store open appointment test drive.

On December 30, 2019, the first employee owners of the home-made Tesla Model 3 were officially delivered, and Tesla delivered the first domestic model 3 to 15 employee owners at the Shanghai Super plant.

On January 3, 2020, Tesla announced that the first consumers of the domestic Model 3 will be delivered on January 7.

In 2020, there were media reports that Tesla had signed cooperation agreements with China Construction Bank, Agricultural Bank of China, Industrial and Commercial Bank of China and other Chinese banks, which will provide Tesla with a five-year loan of 10 billion yuan, which will be used to pay off previous debts and other matters in the Chinese market. The interest rate is only 90 per cent of the one-year benchmark rate, or 3.915 per cent, which is equivalent to the “lowest rate available to the best state-owned enterprises”.

It is also understood that in addition to the Model 3, Tesla’s entry-level ELECTRIC SUV Model Y is ready for mass production, and will also be in Shanghai Super factory mass production.

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