Tesla set a price for the longer-range variant of its locally-built Model 3 sedans in China just 13 per cent higher than its entry-level model, a sign that the carmaker is setting competitive prices in order to attract even more consumers in the world’s largest electric vehicle market.
The four-door vehicle sells for 366,550 yuan ($52,000) before rebates, according to Tesla’s website, and is designed to have a range of about 668 kilometres on one charge. That compares with about 450km for the current basic version that starts at 323,800 yuan.
After subsidies from the Chinese government and qualifying for exemption from purchase tax, the price of the upgraded Model 3 variant starts at 339,050 yuan. By comparison, the imported equivalent was priced at 439,900 yuan. The longer-range Model 3s are set to be delivered from June.
The longer-range electric model could help Tesla fend off competition from other global automakers, including Volkswagen and BMW and local rivals struggling to sell cars during the coronavirus pandemic. Registrations of Tesla vehicles have declined for two consecutive months in China, showing the US automaker isn’t immune to the broader auto-industry slump.
Tesla also plans to start delivering another variant, a locally-built performance Model 3, in the first quarter of 2021. That will be more expensive, starting with a pre-subsidy price of 419,800 yuan. Final prices will be decided in accordance with state policy upon its official launch, and the product is awaiting state approvals.
Thanks to aid from local authorities, Tesla’s factory in China has recovered from a virus-related shutdown faster than many industry rivals. The California-based company’s shipments in China jumped last month to 10,160 units, according to the China Passenger Car Association, though it’s unclear how many of those vehicles were sold to customers as the figure broadly reflects the number of cars leaving the factory.
“With the local production of longer-range and performance versions, Tesla has completed local production of all its variants of Model 3 in China,” the company said in a statement, “Tesla is going to push deeper into the Chinese market with a greater variety of products and services.”
T10 Cricket League
Sharjah Cricket Stadium
December 14- 17
6pm, Opening ceremony, followed by:
Bengal Tigers v Kerala Kings
Maratha Arabians v Pakhtoons
Tickets available online at q-tickets.com/t10
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
Temple numbers
Expected completion: 2022
Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
UAE currency: the story behind the money in your pockets
Mohammed bin Zayed Majlis
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The years Ramadan fell in May
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
More on Quran memorisation:
Zakat definitions
Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.
Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.
Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.
Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.
UAE currency: the story behind the money in your pockets
More on Quran memorisation:
More from Neighbourhood Watch:
The BIO
Favourite piece of music: Verdi’s Requiem. It’s awe-inspiring.
Biggest inspiration: My father, as I grew up in a house where music was constantly played on a wind-up gramophone. I had amazing music teachers in primary and secondary school who inspired me to take my music further. They encouraged me to take up music as a profession and I follow in their footsteps, encouraging others to do the same.
Favourite book: Ian McEwan’s Atonement – the ending alone knocked me for six.
Favourite holiday destination: Italy - music and opera is so much part of the life there. I love it.
Mohammed bin Zayed Majlis
