SHANGHAI- On Friday, U.S. electric vehicle maker Tesla Inc, according to its China website, announced that it has cut the starting price for its Model 3 vehicles after receiving China’s electric vehicle subsidies to 299,050 yuan ($42,910.85).
The earlier price was 355,800 yuan and the reduction comes not too long after Tesla rolls out cars from made in the Shanghai factory worth $2 billion on January 7th.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.
