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Tesla China denies plans to launch new model priced at about $25,000

Previous report said the new car is likely to be positioned as a compact two-seater sedan with a body chassis based on the Model 3, while the guidance price will be kept between RMB 150,000 - RMB 200,000.

Tesla said to launch new model in China with lower price than Model 3

Tesla will produce a third model at its Shanghai Gigafactory, which will be positioned below the Model 3 and could be priced at around RMB 160,000 yuan ($24,756), PCauto cited channel sources as saying.

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