China support for Tesla sales

Discussion in 'Tesla' started by bwilson4web, Dec 6, 2019.

  1. bwilson4web

    bwilson4web Well-Known Member Subscriber

    Source: https://finance.yahoo.com/news/1-china-built-tesla-cars-090813220.html

    BEIJING, Dec 6 (Reuters) - China's industry ministry has placed Chinese-built Tesla Inc. Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles, a move that will help the U.S. firm's push into the world's biggest auto market.

    Two variants of Tesla Model 3 vehicles are listed on a recommendation list for China's generous subsidies for new energy vehicles (NEV), according to a post on the website of China's Ministry of Industry and Information Technology.

    The California-based electric vehicle maker, which is building cars in a $2 billion factory in Shanghai, aims to make more than 1,000 vehicles a week by the end of 2019 and deliver the China-made vehicles before the Chinese new year on Jan. 25.

    The annual capacity at the plant in its first phase is expected to reach 250,000 vehicles, equivalent to about 4,800 a week. This will include 150,000 Model 3 cars.
    . . .

    Bob Wilson
     

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