China is home to the biggest electric car market on the planet.
Reuters, citing a document published by the Ministry of Industry and Information Technology, said the level of subsidy that Tesla would receive was not yet clear. Two types of the Model 3 were on the recommendation list for new energy vehicle subsidies, it said. Elon Musk's firm noted that the Chinese facility was, in terms of capital expenditure per unit of capacity, approximately 65% less expensive to construct than its U.S.-based Model 3 production system.
China's electric car market is the biggest on the planet — a little over 1 million electric cars were sold there last year — the IEA says, with Europe and the U.S. following behind.Just last week, the, together with China's Great Wall Motor, announced it would construct a plant to produce fully-electric models of the Mini car brand.
It could change everything. Amazing news for elonmusk. China is committed on reducing CO2 levels which is a huge health issue. Tesla could blast Chinese car market.
Now? A 10 hours ago news just now? God!
Way to follow our lead, China... Amirite, elonmusk? getoffthetit
New government subsidy could save Tesla Model 3 buyers $3,500 in China
Tesla Inc $TSLA Director Sells $5,725,614.12 in Stock Schuldensuehner
Look at that South African man saving the world.
That image & title combo
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