Tesla Wants to Launch A New “Chinese Original” Car for Only $25,000

According to Chinese media reports, Tesla China President Zhu Xiaotong confirmed in a recent interview that the company is developing a cheaper Tesla for the mass market, which is expected to be priced at 160,000 yuan approximately US$25,000, which will replace Model 3 and become a Tesla entry car.

Tesla announced the establishment of a research and development center in China in January last year. The report claimed that the new factory will be put into use in the middle of this year. It has more than 20 professional laboratories, and the new car models including design, development and manufacturing will be in the new factory get on.

In an interview, Zhu Xiaotong said that in the future, we hope to design, develop and produce an original model in China, produce it here, and sell it all over the world. This R&D center is the starting point of the goal.

In fact, Tesla CEO Musk said before, “This will be a super cool thing, so we have to do it, and that is to try to design an original car in China for global consumption. I think this Very exciting.”

The report also said that the new Tesla model was approved in September 2020, and product verification will be completed as soon as March 2021, and the first batch will be delivered in 2022. According to market rumors, Tesla will show this car at the Guangzhou Auto Show in November 2021, replacing Model 3 and becoming Tesla‘s entry-level car.