Mexican Media Brands
Tesla to Raise Prices in China?
Tesla Inc. may raise prices of electric cars it sells in China by an unspecified amount, beginning in September, sources tell Reuters.
#economics
Share
Tesla Inc. may raise prices of electric cars it sells in China by an unspecified amount, beginning in September, sources tell Reuters.
They say the increase would be an effort to defend the dollar value of the company’s cars—all of which currently are supplied from the U.S.—after the yuan abruptly weakened earlier this week.
The U.S. government claims the yuan’s drop was currency manipulation in response to President Donald Trump’s vow to impose 10% tariffs on $300 billion worth of Chinese goods, also beginning in September. China denies any manipulation.
Meanwhile, Tesla is rushing to circumvent such issues by opening an assembly plant in Shanghai by the end of this year. The factory initially will build the Tesla Model 3 electric sedan.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.