According to information on 's China website, the price of an upgraded version of the Model 3 standard range made in China was increased by 4,500 yuan to 303,550 yuan after subsidies. The price of long-range version of Model 3 is increased by 5,000 yuan to 344,050 yuan.

The price of the China-made Model 3 high-performance all-wheel-drive version that was previously booked has not been adjusted. The price before the subsidy is still 419,800 yuan, and delivery is expected to begin in the first quarter of 2021.

Yesterday, the Ministry of Finance and the Ministry of Industry and Information Technology jointly issued a new policy, mentioning that new energy vehicles with a starting price of more than 300,000 yuan will no longer enjoy subsidies. However, the exception is for vehicles that support battery replacement, which will take effect on July 22.

The new policy mentions that during the transition period from April 23 to July 22, sales of branded vehicles that meet the requirements of the 2019 technical indicators but do not meet the requirements of the 2020 technical indicators will be subsidized by 0.5 times according to the corresponding standards of the new energy subsidy policy last year.

The sales of listed vehicles that meet the requirements of 2020 technical indicators will be subsidized according to the 2020 standard.

If at current prices, the Tesla Model 3 made in China will not be eligible for subsidies. Industry insiders generally analyze that the new subsidy policy will force Tesla to lower its selling price.

Motors chairman He Xiaopeng predicted on Weibo today, "The long-range version of the Model 3 made in China will be reduced to 277,500 yuan after subsidies, which is 61,500 yuan lower than the current price of 339,000 yuan. "

Li Xiang, CEO of , believes that "The 300,000 subsidy threshold is basically a precise help for Tesla to beat the domestic pure electric brand. You only need to think about it if you are Tesla how to formulate countermeasures and pricing, so that you know what a disaster is. "

Recently, some media said that the upgraded version of Tesla's Model 3 standard battery life in China may adjust the price to 220,000 yuan.  In this regard, Tesla said that the news is not true.