Today in China released the "Catalog of car models recommended for the promotion and use of new energy vehicles in China", issued by the Ministry of Industry and Information Technology of the People's Republic of China. This list includes Tesla TSL7000BEVAR0. This means that made in China Model 3 is expected to receive a subsidy around of 24,750 yuan ($ 3,500). These incentives give the Tesla made in China Model 3 a competitive edge over other electric vehicles in the local market.
A Tesla representative in China also confirmed that locally produced cars were approved for subsidies.
3 top Tesla China executives appeared on Chinese social media Weibo today, all celebrating today’s subsidy news.
Grace Tao, Tesla Global Vice President, responsible for government affairs, public relations, markets and brands in Greater China.
Tom Zhu, VP of APAC and Gigafactory 3. Mr. Tom Zhu joined Tesla in April 2014 to lead its charging network development in China, and was appointed in December as the General Manager of Tesla in China. Now Mr. Zhu is responsible for Tesla’s APAC business as well as building the first Gigafactory outside of U.S. in Shanghai.
Allan Wang, Tesla China General Manager.
But this is not the only good news for Tesla China today.
This official EV incentive recommendation from government mean not only the subsidies, but it is also a permit to sell and deliver China-made Model 3 to customers.
A true milestone for Tesla, Tesla China received Greenlight to sell and deliver Made in China Model 3!
Confirmation from Ministry of Industry and Information Technology
The electric car market in China is the largest in the world: in 2018, more than 1 million electric cars were sold in the country.
China is considering electric cars as a strategically important industry and is considering setting a target of 60% of all electric cars sold in the country by 2035.
Tesla sets himself the highest goals in the most populous country in the world.
Tesla plans to produce more than 1,000 cars a week by the end of 2019 for its factory in Shanghai and deliver the first batch of Chinese-made cars before the Spring Festival, the Chinese New Year, which begins on January 25.
In less than 1 year, Tesla has traveled an extremely difficult path. Many skeptics did not believe in the success of the company and considered Gigafactory 3 a fiction. Now we can see the almost completed factory, which has already produced more than a hundred cars. All permits for the production and delivery of Tesla made in China Model 3 have already been received.
Soon, the Shanghai Gigafactory will start operating at 100% capacity. It is expected that the annual capacity of the factory at the first stage will be 250,000 cars, which is equivalent to about 4800 cars per week. This will include 150,000 Model 3. Once again, the ambitious plans of Elon Musk came true.