If the rumors were rife about it, the boss of Tesla in China confirmed the information: a new model of the brand will be well developed and manufactured in the Middle Kingdom.
In an interview with the Chinese press agency Xinhua, Tom Zhu, Chief Executive Officer of Tesla in China, confirmed thata new model of the brand will be good developed and manufactured in China, in order to be marketed worldwide with a starting price of around $ 25,000 (around 20,700 €).
During the inauguration of theShanghai Tesla factory, at the beginning of 2020, Elon Musk had already declared that the Californian company would increase its investments in China, and would build other models there in addition to the Tesla Model 3 and the Model Y SUV.
The cheapest Tesla in the range
This future 100% electric model would be Tesla’s first not to be developed in the United States. At this price, the vehicle will face competition including the Volkswagen ID.3 or Honda E.
No other details were revealed, such as a launch date or technical specifications. According to rumors, this future model could be a compact, based on the Model 3 platform. Production in China as well as the use of less efficient batteries could allow it to become the cheapest Tesla in the range.
Tesla: another factory is also planned in India
Beyond its production sites in the United States and China, Tesla is also building a factory in Germany, near Berlin. According to the latest rumors, another factory could also emerge in India, in the state of Karnataka.
While China is by far the world’s largest electric car market, India is being touted as the future automotive El Dorado. But there is still a long way to go for Tesla, the standard of living of Indians being modest, and the infrastructure of charging stations non-existent for electric cars.
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