FILE PHOTO: A China-made Tesla Model 3 vehicle is seen at a delivery ceremony in the Shanghai Gigafactory of the U.S. electric car maker in Shanghai, China December 30, 2019. REUTERS/Yilei Sun
SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc (TSLA.O) on Friday cut the starting price for its China-made Model 3 vehicles to 299,050 yuan ($42,910.85) after receiving Chinese subsidies for electric vehicles, according to its China website.
The reduction from its earlier price of 355,800 yuan comes days before it rolls out cars made from its $2 billion factory in Shanghai on January 7.
Reporting by Yilei Sun and Brenda Goh; Editing by Shri Navaratnam
Our Standards:The Thomson Reuters Trust Principles.
This article was originally published by Reuters.com. Read the original article here.