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Tag Archives: xpeng motors technology

Tesla Is Going to Lower Price for Its China-Produced Sedan

Automaker giant Tesla Inc. announced a price decrease for its Model 3 sedans that are built in China by 20% or more next year. Sources familiar with the situation told Bloomberg that Tesla hopes this move will attract new (and old) customers.However, it is not easy to just cut costs. Still, Tesla has an idea. It will try to bring it down by using more locally produced parts, allowing it to import fewer components and avoid tariffs in that way.New, lower prices might start at 355,800 yuan...

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