Tesla Said to Cut Price on Chinese Model 3 With CATL Battery Bloomberg

Source: bloomberg.com bloomberg.com

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An advertisement for the Tesla Model 3 is displayed at a dealership in Shanghai. Photographer: Qilai Shen/Bloomberg Photographer: Qilai Shen/Bloomberg Tesla Inc. is set to launch its first Model 3 sedan equipped with cheaper batteries in China as soon as Thursday, allowing it to cut the cost of vehicles and boost sales in the world’s largest electric-vehicle market, people familiar with the matter said. The mass-market Model 3s with the new batteries from a Chinese supplier will sell for 249,900 yuan ($36,800) after government subsidies, bringing the starting price of Tesla’s basic model down by almost 10%, one of the...