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China-made Tesla cars recommended for Chinese subsidies

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Chinese Electric Vehicle

China’s Industry Ministry has placed Chinese-built Tesla Inc. Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles, according to a document published on Friday.

It was not immediately what level of subsidy China would grant the Tesla car, which is built in the U.S. firm’s Shanghai car plant.

A Tesla representative confirmed the company’s vehicles had been recommended for subsidies.

Source: Financial Post – China-made Tesla cars recommended for Chinese subsidies – ministry

Tony Simon

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