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Tesla's China-made Model 3 may be priced in $43,400-$50,700 range - Bloomberg

Tesla's China-made Model 3 may be priced in $43,400-$50,700 range - Bloomberg
FILE PHOTO: A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, California, U.S. June 22, 2018. REUTERS/Stephen Lam   -   Copyright  STEPHEN LAM(Reuters)
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(Reuters) – Tesla Inc is considering pricing its China-manufactured Model 3 vehicles between 300,000 yuan and 350,000 yuan (£34,306 – £40,024) before subsidies, Bloomberg reported on Tuesday, citing people familiar with the matter.

The final price is still being worked out, Bloomberg said, citing a source.

The electric carmaker currently ships Model 3 vehicles from the United States to sell in China.

Tesla is counting on its Shanghai factory, which is scheduled to begin production this year, to manufacture Model 3 cars as it seeks to expand its lineup and boost sales in the world’s biggest EV market.

Tesla was not immediately available for a comment on the pricing, but an announcement is expected on May 31, according to a social media post https://mp.weixin.qq.com/s/mWDkYsEVUxfgONLUOML-sg by the company.

(Reporting by Rishika Chatterjee in Bengaluru; editing by Uttaresh.V)

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