Last updated on December 8th, 2022 at 02:44 pm
Tesla to launch $ 25,000 electric vehicle in China next year
For the first time, the founder of the company Elon Musk spoke about the idea of releasing a more compact electric car in comparison with the Tesla Model 3 at a cost of $ 25,000 at a September event for investors. The model was supposed to be a compact hatchback for the European market. As it turns out, its production can be launched in China as early as next year.
Initially, Elon Musk stated that it would take no more than three years to organize the production of a compact hatchback. As expected, some of its ambitious goals are revised by Tesla’s management in order to accelerate their achievement, the release of a compact electric car was one of them. Resource Electrek, citing Weibo, reported that Tesla’s documents received by Chinese regulators indicate the company’s readiness to start production of a new model in Shanghai with a cost of $ 25,000 by the end of 2022.
It should be understood that the Chinese-assembled Tesla Model 3 electric vehicles are already being exported to Europe, but in the middle of this year a new factory is to start operating in the vicinity of Berlin, where Tesla Model 3 and Model Y will be initially produced. Even if the smallest electric car of the brand debuts in China, where he will find many buyers due to his affordable price. It is possible that the Chinese version of this electric vehicle will use LFP batteries – less capacious, but cheaper compared to cobalt-based cells.
