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John Wang
in
Transport
December 30 13:36

Tesla is about to release its first cars made in China

Tesla is about to begin delivering its first Model 3 vehicles made on Chinese soil. The cars are being made on the company’s fresh Gigafactory in Shanghai 
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 The cars made in China will be cheaper, than their imported analogues, since they avoid the 10% import tax. Chinese authorities also made Model 3s more appealing by providing a purchase incentive of up to US$ 3 600 per vehicle.
Shanghai facility is Tesla’s first operational gigafactory outside of the US. There is a facility near Berlin being developed, and a certain project, which remains undisclosed, will be revealed at a later date. Shanghai gigafactory also managed to secure US$1.4 billion in funding from a number of Chinese banks.