Tesla will start making the first deliveries of its Shanghai-built Model 3 sedans on Monday, Bloomberg reports. The cars are rolling off the assembly line at the new Tesla Shanghai Gigafactory, which is operational but which also will be expanding in the future thanks to a fresh $1.4 billion injection in local funding reported earlier this week.

The Shanghai gigafactory’s construction only began earlier this year, and its turnaround time in terms of construction and actually producing vehicles is impressive. The Model 3 vehicles built in China will provide a price break versus imported vehicles, as cars made in-country enjoy exemption from a 10% tax applied to imported cars. Tesla Model 3s built in China also get a government purchase incentive of as much as

Read More At Article Source | Article Attribution