Tesla starts Model 3 delivery in China earlier than expected
[BEIJING] Tesla Inc on Friday said it had started delivering Model 3 cars in China, slightly ahead of schedule.
The US 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-US trade tensions. It has adjusted prices of its US-made cars in China to make them affordable.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
GM CEO Barra compensation fell 4% in 2023 to US$27.8 million
Boeing reports first revenue drop in 7 quarters as deliveries decline
Volkswagen to keep China market share stable as price war rages
COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill
Tesla profits tumble but shares rise on new vehicle plan
Volvo Cars see good demand this year after higher Q1 unit sales