China-Built Tesla EVs Qualify for Sales Subsidies
China says vehicles made by Tesla Inc.’s new factory in Shanghai will qualify for the government’s sales discounts.
The Ministry of Industry and Information Technology’s ruling means that buyers of locally produced Model 3 electric sedans could receive a discount worth as much as 25,000 yuan ($3,500), Bloomberg News says. The cars are expected to retail for about $50,000.
The just-opened Tesla factory expects to begin delivering Model 3s in mid-January. CEO Elon Musk has said the facility will soon add the carmaker’s upcoming Model Y crossover vehicle.
A report earlier this week suggested the Model Y could go into production at Tesla’s California plant as early as next summer.
If heritage means anything in this industry, then it is surprising that Buick doesn’t make more of its history because the story of the early years of the company is nothing short of astonishing.
For conducting business in the U.S. market, Toyota has historically had several separate business entities: a sales and distribution company headquartered in California (Toyota Motor Sales, USA); manufacturing operations (Toyota Motor Manufacturing North America); a racing subsidiary (Toyota Racing Development, USA); the Toyota Technical Center for R&D in Ann Arbor; and a design facility in California (Calty Design Research, Inc.). On April 1, 2006, Toyota merged its R&D operations and its manufacturing operations into a single company.
It’s the fifth generation of a vehicle that has been increasing in sales year after year since its introduction in 1997.