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Tesla to Reportedly Increase Imported Model 3 Prices in China

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Citing unnamed sources familiar with the matters, a report by Reuters is claiming that Tesla is planning to increase the prices of imported Model 3 vehicles in China in January. The electric car maker will reportedly increase prices of imported Model 3 vehicles with longer range and those with performance function.

Model 3

The report comes as Tesla aims to deliver China-made Model 3 sedans, which are priced at 355,800 yuan (CAD $66,655), to customers before Jan. 25 next year. The company is currently in the process of building a car plant in Shanghai as well.



At present, Tesla’s Model 3 vehicles with longer range and those with performance function are priced at 439,900 yuan (CAD $82,405) and 509,900 yuan (CAD $95,518) respectively in China. So far, it is not known by how much the company plans to increase the prices.

The electric car maker started production in its Shanghai factory in October on a trial basis and aims to produce at least 1,000 Model 3 cars a week by the end of this year. The $2 billion plant is also Tesla’s first car manufacturing site outside the U.S.

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