Tesla Model 3 in China to get price drop this week: Rumour [Update]

Tesla Model 3 China ceremony

Tesla opened its first Gigafactory outside the US late last year in Shanghai, China, making it the first fully-foreign owned car plant in China.

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Since then, the automaker has ramped up production of the made-in-China Model 3 to 200,000 units per year, and made a few changes to the car along the way.

We reported last week Tesla was rumoured to be preparing to introduce a Model 3 with the LFP battery in China, which the company was approved to manufacture earlier this year.

The latest news to support these rumours surfaced today, claiming Tesla will announce a price drop for the Standard Range Plus (SR+) and rear wheel-drive (RWD) Long Range versions of the Model 3’s made at Giga Shanghai.

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With the new prices, the SR+ drops by about $4,400 CAD and will come in at ¥249,900 ($48,905 CAD), including available incentives. The RWD LR Model 3 is reduced even further to ¥309,000 ($60,400 CAD) after incentives.

UPDATE #2 11:57pm PST: Tesla has now officially lowered the prices of the SR+ and LR Model 3 in China.

Tesla Model 3 China new prices

The price change is also expected to bring with it the introduction of the factory chrome delete that we reported on last month.

Tesla is expected to announce the changes Thursday in China, or later today in our time zone.

UPDATE #1: Reuters is now also reporting Tesla will introduce the Model 3 with LFP batteries, according to two sources familiar with the matter.

About Mike 479 Articles
Senior Contributor. White Long Range AWD Model 3 owner since October 2018. EV fan since 2012 with my first Nissan Leaf | Mike@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca