News Snapshot:
Tesla China has announced it has started taking orders for its made-in-China Model Y battery-powered passenger car ahead of commercial production which is scheduled to start next year. The US electric vehicle manufacturer began operating its newly-built plant, the Gigafactory 3, in Shanghai at the end of last year – which now produces the Model 3. Lower costs and taxes have allowed the company to cut prices significantly compared with the imported models, fuelling local demand. The company has made available two variants of Model Y for pre-order, priced at CNY488,000 (US$70,930) and CNY535,000 (US$77,760), which the company says is...
