Tesla

Formal sales of the updated Model 3 Performance in China is priced at the same RMB 335,900 ($46,380) as when pre-sales began at the end of April, but the delivery date has been moved up.

The lady, who protested by getting on top of a Tesla show car during the 2021 Shanghai auto show, was ordered to apologize to Tesla and pay damages of RMB 172,275 ($23,810) in a first instance ruling.

Tesla will be able to let its employees test its FSD internally on public roads once it successfully registers it with Chinese authorities, and then offer it as an upgrade to Chinese users in the coming months, according to Reuters.

Chinese customers who complete their vehicle deliveries between May 25 and June 30 will have the chance to win a free tour of Tesla's Fremont factory in the US.

The production cut is aimed at addressing weakening demand for Tesla's aged model in China, Reuters said.

Tesla's Shanghai Megafactory is expected to go into production in the first quarter of 2025, with Megapack production of up to 10,000 units per year and nearly 40 GWh of energy storage, Tom Zhu said.

Chinese customers who order a Tesla vehicle before June 20 will have the chance to get a 5,000-km free supercharging entitlement, but only 140 spots are available.

The two motors of the updated Model 3 Performance have a power of 137 kW and 265 kW, and the supplier of the battery cells is South Korea's LG Energy Solution.

In the January-April period, BYD came in first in China's NEV market with a 34.3 percent share, while Tesla was No. 4 with a 6.7 percent share.

In the January-April period, Tesla sold 163,841 units in China, down 7.64 percent year-on-year.