American made Tesla Model 3 the No 8 best selling Chinese import in August.
The Chinese government has added Tesla’s electric cars to the list of vehicles exempt from sales tax. Only cars produced in China are exempt from the ten per cent sales tax.
With the construction of the plant in Shanghai, Tesla is apparently also granted this privilege – despite the ongoing trade disputes between the USA and China. According to a statement by the Chinese Ministry of Industry and Information Technology, the tax exemption applies not only to the Model 3 produced in China but to all electric cars sold by Tesla in China, including the Model S and Model X imported from the USA. The reasons for the decision were not stipulated in the announcement, but Tesla’s Shanghai plant and the associated investment are considered good arguments.
According to Tesla, the huge electric vehicle market in China is one of the largest growth markets. As a reaction to the tax exemption, the Californian company announced in a WeChat beta that the purchase price could drop by up to 99,000 yuan (equivalent to 12,564 euros).
USA American made Tesla Model 3 was the Chinese No8 best selling imported car in August, US made Tesla exports up +519% into China. LINK
Tesla sales seem to be going in the other direction up +519% exports to China the market is in a -25% sales slump in August. Nice to see the Chinese buying something American made for a change.