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Thursday, March 23, 2023

Tesla starts Model 3 delivery in China earlier than expected

Tesla starts Model 3 delivery in China earlier than expected© Reuters. A 2018 Tesla Model 3 electric vehicle is shown in Cardiff, California,

BEIJING (Reuters) – Tesla (NASDAQ:) Inc on Friday said it had started delivering Model 3 cars in China, slightly ahead of schedule.

The U.S. car marker said in a statement that it held a delivery event in Beijing on Friday, which it said “marked a significant milestone for the market”. The firm had said in January that Model 3 deliveries in China would begin in March.

The California-based firm has been aiming to accelerate Chinese sales that have been hit hard by the impact of Sino-U.S. trade tensions. It has adjusted prices of its U.S.-made cars in China to make them affordable.

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Source: Investing.com

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