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The Chinese government will subsidize production of electric cars Tesla

Asia / Engineering

the Chinese government will subsidize sales of electric cars Tesla Model 3, produced at a factory in Shanghai.

The Chinese government will subsidize production of electric cars Tesla
Фото: Твиттер @teslacn

the American company Tesla Elon musk 30 Dec started selling its Model 3 electric vehicles that were produced at the plant in Shanghai, China. These made in China American electric car on the go included in the list of subsidizing electric vehicles, published by the Ministry of industry and information technology of the PRC.

it is Expected that a Chinese Tesla will appear in the free market by the end of January 2020. The price of the car the basic configuration will be about 50 thousand dollars. The government subsidy on each electric car will be 25 thousand yuan, or 3.5 thousand dollars. However, the act grants will only be the year. Subsidies for the production of all electric vehicles in China will be lifted completely by the end of 2020.

Corporation Tesla announced the construction of a factory in Shanghai in July 2018. In October, Tesla has acquired over 140,5 million dollars in Shanghai 864 thousand square meters of land for construction of the plant, with conveyors which will reach 500 thousand electric vehicles a year.

construction of the factory was made possible due to the fact that in April of 2018, the Chinese government has decided to remove restrictions on the presence of foreign capital in the sector of development and production of vehicles based on new energy sources. Earlier, the foreign capital participation in such projects in China could not exceed 50 percent.

Today, China accounts for more than 50 percent of the global car market to new sources of energy. By 2020, China will annually produce two million of these vehicles.

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