Tesla to Export China-made Model 3 to Asia and Europe: Report
The Tesla Model 3 is a luxury electric vehicle (EV), and the car’s reach around the globe is about to expand significantly.
As reported by Yahoo Finance, Tesla is now planning to export Model 3 vehicles made in China to the rest of Asia, Europe, and a few other locations. The Tesla Shanghai plant is where the Model 3s are produced, though the company specifically has its eyes on EV markets in Japan and Hong Kong, Australia, Singapore, and New Zealand, among others.
Sources also shared that production may even begin during Q4, with Model 3 deliveries from the China location beginning by the end of 2020.
Tesla plans to export MIC models to New Zealand, Australia, Singapore and EU, #China media reports citing inside source.
Production might start Q4, deliveries 2020 end/2021 start, the source added. pic.twitter.com/y6zw5sN8fR
— Moneyball (@DKurac) September 11, 2020
Since the release of the Model 3 in July 2017, it has performed exceptionally well in the EV world, even being considered the best-valued car in the used market. And in the new market, it’s still considered the best-selling EV in general, having sold over 500,000 units by March 2020.
The Model 3 is also the highest-ranking car out there in terms of safety, perhaps another major reason for its vast popularity.
Now, with the Model 3 Long Range set to deliver to the rest of the world within the year, the world’s best-selling car is about to sell a whole lot more.