Tesla

This is expected to pave the way for the lifting of access restrictions on Tesla vehicles in some areas and the launch of the US EV maker's FSD in China.

Tesla had launched a 0 down payment option in November 2021, but canceled it after just 3 days due to a surge in orders.

Deliveries of the updated Model 3 Performance, the sedan's most powerful variant, in China will begin in the third quarter.

On April 22, 2014, Tesla CEO Elon Musk delivered Model S to the first Chinese owners, including Xiaomi founder Lei Jun and Li Auto founder Li Xiang.

Prices for the locally produced Model 3 and Model Y have been cut by around 4-6 percent, while the imported Model S and Model X have been reduced by as much as 22 percent.

"It may be possible very soon," Musk said today on the X platform in response to a user's question about when FSD would enter China.

The Megafactory will be Tesla's first energy storage system factory outside of its US domestic market, with an initial planned annual production capacity of up to 10,000 commercial energy storage batteries.

China is Tesla's second-largest market after the US, contributing 34.23 percent of its global deliveries in the first quarter.

In the January-March period, BYD was No. 1 with a 33.1 percent share, while Tesla was No. 3 with a 7.5 percent share.

In the first quarter, Tesla sold 132,420 vehicles in China, contributing 34.23 percent of its global deliveries.