Tesla’s Made-in-China Cars to Qualify for Subsidies There
- Model 3 buyers will get as much as $3,500 from the government
- Carmaker has built its first plant outside U.S. near Shanghai
The Tesla Inc. Gigafactory stands in Shanghai, China,
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Tesla Inc.’s made-in-China sedans qualified to receive subsidies in the country, a potential boon for Elon Musk’s carmaker as it prepares to start selling locally-built models in the world’s biggest market for electric vehicles.
The company’s Model 3 sedan was included in a list of qualified models published by China’s Ministry of Industry and Information Technology Friday. That means buyers will get a subsidy of as much as about 25,000 yuan ($3,550) from the government. Tesla said in October the vehicles will be priced from about $50,000 in China.