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Tesla China lowers the price of Model 3 in the Trade War



It looks like there will be at least a "ceasefire" in US-China trade in the first quarter of 2019, which is now affecting the price of the Tesla Model 3.

Tesla lowers the price of Model 3 by over 7% in the country.

Earlier this year, Eles Musk, CEO of Tesla, went straight to Donald Trump to deal with issues relating to US-Chinese car trafficking.

At first he actually seemed to work, as the president included automotive products in the discussion. [19659002] Already in May, Tesla lowered its price by 40,000 yuan to 90,000 yuan ($ 19,000 to $ 14,000), depending on the model in China.

The automaker prepared for a planned reduction of 25% import tariffs. Tesla vehicles are subject to up to 1

5% in China.

However, as the trade war escalated, it broke out and in July, Tesla had to raise the price of Model S and Model X in China for over $ 20,000 in new commercial rates.

The company has been subject to import duties of up to 40% on vehicles delivered by California from California.

Last month, Tesla lowered prices for its vehicles in China again by 12 to 1.2 billion euros 26%, but the automaker said that it absorbs the difference this time.

But the automaker's timing has been good since Trump said China agreed to cut tariffs on US cars last week.

Although it does not officially lower tariffs, China today confirmed that it would suspend the additional duties on US vehicles and auto parts for three months from 1 January 2019. "

This means that tariffs for the first quarter of 2019 should be at least temporarily reduced to 25%.

Even if Tesla had already done so Before the announcement, the price of Model S and Model X reduced the price again to reflect the change.

Now it's time for model 3.

This weekend, Tesla has adjusted the price for Model 3 in China launch at 499,000 yuan (~ $ 72,000).

When Tesla first received orders for the Model 3 in China in November, only the four-wheel-drive and performance versions of Long Range were available, each starting at 580,000 RMB (~ $ 83,500) and 690,000 RMB ($ 99,400) USD).

In the US, the all-wheel drive of the Model 3 Long Range starts at $ 53,000.

Tesla is pursuing a "fair price" policy, which means that its vehicles are said to be sold everywhere at the same price for bookkeeping for local import duties and transport costs.

The automaker is expected to begin shipping model 3 in China towards the end of the first quarter of 2019.


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