- Tesla cut prices for its Chinese-market Model 3 sedans by up to 10%, as reported by Reuters.
- The company will outfit future standard-range Chinese-made Model 3s with cheaper, cobalt-free battery packs, anonymous sources told Reuters recently.
- Tesla did not confirm which batteries the standard-range car with the updated price currently uses.
- The basic Model 3 now costs $249,900 yuan in China, around $36,800 at current exchange rates.
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Tesla cut the price of its Chinese-market Model 3 sedans by up to 10%, according to pricing listed on the company’s China website. The move came the same week that sources told Reuters Tesla would move to a cheaper battery in certain Chinese-made Model 3s, but it wasn’t clear whether that caused the price drop.
A Shanghai-made Model 3 with standard driving range will now run you 249,900 yuan — roughly $36,800 at current exchange rates