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Bloomberg

Tesla’s made-in-China sedans qualified to receive subsidies in the country, a potential boon for Elon Musk’s electric car maker as it prepares to start selling locally built models in the world’s biggest market for the 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 on Friday.
That means buyers will get a subsidy of as much as about 25,000 yuan (US$3,550) from the government.
Tesla said in October the vehicles will be priced from about US$50,000 in China.

The company has said it is planning to start delivering made-in-China Model 3 cars before late January as it nears the start of mass production at its new Shanghai plant, its first outside the US.
A Tesla representative in China also confirmed the company’s locally built vehicles have been approved for subsidies.
While the government has been scaling back electric-vehicle handouts, certain support measures still exist as the country seeks to move toward cleaner energy and reduce reliance on imported oil.
The China plant will be a crucial test for Musk. as he seeks to prove the car maker can sustain profitability. The Shanghai Gigafactory, which broke ground in January, will initially build Model 3 sedans that will compete with electric cars from local contenders such as NIO and Xpeng Motors, as well as global manufacturers including BMW and Daimler.

For more insights into China tech, sign up for our tech newsletters, subscribe to our award-winning Inside China Tech podcast, and download the comprehensive 2019 China Internet Report. Also roam China Tech City, an award-winning interactive digital map at our sister site Abacus.



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The company’s Model 3 sedan will be priced from about US$50,000 in China
Buyers will get a subsidy of as much as about US$3,550 from the government



The company’s locally built Model 3 sedan will compete with electric cars from Chinese upstarts, such as NIO and Xpeng Motors, as well as global manufacturers including BMW and Daimler.


Electric & new energy vehicles

Technology

China technology

Tesla’s made-in-China cars to qualify for subsidies

The company’s Model 3 sedan will be priced from about US$50,000 in China Buyers will get a subsidy of as much as about US$3,550 from the government

The company’s Model 3 sedan will be priced from about US$50,000 in China

Buyers will get a subsidy of as much as about US$3,550 from the government