News Snapshot:
BEIJING: U.S. electric car maker Tesla cut the starting price of its Chinese-made Model 3 sedans on Thursday by about 8% to 249,900 yuan ($36,805), once Chinese subsidies for electric vehicles are taken into account, according to its China website. Previously, the starting price for Model 3 sedans made in Tesla's Shanghai factory with a standard driving range was 271,550 yuan, after state purchase subsidies. Sources told Reuters that the standard range Model 3 sedans would now come with lithium iron phosphate ( LFP ) batteries which are cheaper than the nickel-cobalt-manganese ( NMC ) cells it used previously. Tesla...
