Tesla

As China's subsidies for new energy vehicles recede, Nio said the price spreads this creates for its potential customers will be borne by it for some time.

According to information on Tesla'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.

China today extended the financial subsidy policy of new energy vehicles to the end of 2022 and eased the intensity and pace of subsidy withdrawal. 

Tesla's Shanghai plant seems to be making the necessary preparations for the production of the China-made Model Y, including the use of a new body punching machine to simplify the production process.

As the Shanghai plant temporarily closed due to a new coronavirus epidemic resumed production, Tesla's number of new car registrations in China rose to a record level last month.

Tesla announced today that it has opened a flagship store on the Chinese e-commerce platform Tmall, marking another breakthrough for Tesla's localization in China.

Recently, a Tesla Model Y owner showed how to open the tailgate of the vehicle through Apple's "Hey Siri" function.

On April 10, the Tesla Model 3 made in China added two popular versions.

Tesla China said today that its global vice president and director level employees will make voluntary salary reductions which are consistent with the US headquarters that see salary reductions of 30% and 20% respectively.

Tesla China launched a series of time-limited financial preferential schemes on April 10 to further reduce the threshold for Chinese consumers to purchase.