Tesla takes Model 3 or­ders in China; de­liv­er­ies may be­gin in March

Global Times - Weekend - - AUTO - Page Ed­i­tor: lix­u­an­[email protected]­al­times.com. cn

Tesla Inc has started tak­ing or­ders for its Model 3 sedan in China for a de­posit of 8,000 yuan ($1,153.60), ac­cord­ing to the elec­tric car­maker’s China web­site.

Chief Ex­ec­u­tive Of­fi­cer Elon Musk said, “Prob­a­bly some de­liv­er­ies in March, but April is more cer­tain”, af­ter a Twit­ter user asked when the de­liv­er­ies in China would be­gin. Tesla de­clined to com­ment. The com­pany has been bank­ing on its Model 3 sedan, the per­for­mance of which is seen cru­cial to the car­maker’s fu­ture.

China is the largest mar­ket for elec­tric ve­hi­cles (EVs) and most fore­cast­ers pre­dict that the com­pany’s sales in the coun­try will speed up rapidly as gov­ern­ment reg­u­la­tion drives to­ward a goal of 100-per­cent EVs by 2030.

Tesla signed a deal with Shang­hai au­thor­i­ties in July to build its first fac­tory out­side the US, which would cost about $2 bil­lion to con­struct and would dou­ble the size of its global man­u­fac­tur­ing.

The Shang­hai Gi­gafac­tory aims to man­u­fac­ture Model 3 and Model Y cars, with an­nual ca­pac­ity of 250,000 ve­hi­cles, ac­cord­ing to a fil­ing.

Tesla is also de­vel­op­ing plans to start pro­duc­ing about 3,000 Model per week in Shang­hai in the ini­tial phase of its Gi­gafac­tory 3 to re­duce the im­pact of tar­iffs.

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