Tesla cuts starting price for China-made Model 3 vehicles by 8%
cut the starting price of its Chinese-made Model 3 sedans on Thursday by about 8% to 249,900 yuan , once Chinese subsidies for electric vehicles are taken into account, according to its China website.
Sources told Reuters that the standard range Model 3 sedans would now come with lithium iron phosphate batteries which are cheaper than the nickel-cobalt-manganese cells it used previously.The price for Model 3 vehicles with a longer range is now 309,900 yuan, down from 344,050 yuan.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla to roll out China-made Model 3 cars with cobalt-free LFP batteries: sourcesU.S. electric vehicle maker Tesla Inc is poised to start selling some Model 3 vehicles made in China equipped with cobalt-free lithium iron phosphate (LFP) batteries, two people familiar with the matter said.
Read more »
Spotify CEO backs Tesla rival after pledging to invest over $1 billion in European ‘moonshots’Daniel Ek, the founder and chief executive of Spotify, has invested in Swedish battery firm Northvolt, which is building a Gigafactory in the Arctic Circle.
Read more »
Walmart Canada more than triples its order of Tesla Semis to 130 electric trucks - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Spotify’s CEO and Goldman Sachs have both invested in this high-tech Tesla rivalSpotify co-founder and CEO Daniel Ek is among a group of investors, including Goldman Sachs and Volkswagen, that are backing a high-tech battery company...
Read more »
These clean energy stocks including Tesla could benefit from a Biden win, says BairdNew for subscribers: These clean energy stocks including Tesla could benefit from a Biden win, says Baird Check out CNBCPro today.
Read more »
Martin Sorrell says U.S.-China 'cold war' is bogging down business, dismisses Big Tech break-upS4 CEO Martin Sorrell says the bifurcation of U.S. and China relations around technology concerns is hindering global business. He also trashes former employer WPP's efforts around simplification as 'the hobgoblin of small minds.'
Read more »