Tesla China Drops Model 3 Price as Shift to More Cost-Effective Batteries Continues

According to a report, Tesla’s “Model 3 became the single best-selling premium BEV [battery-electric vehicle] model in China in 2020.” (Source: Tesla Inc.)

The Chinese division of American electric vehicle (EV) manufacturer Tesla Inc. announced on Friday that it has lowered the price of its popular Model 3 to settle at a new overall post-subsidies price …