How far away is the RMB 200,000 China-made Tesla Model 3?

On October 1, the China-made Tesla Model 3 began a new round of price cuts: the Model 3 with standard driving range is adjusted to RMB 249,900 after subsidies, while the one with a longer range follows with a price cut to RMB 309,900 yuan. And it’s only been five months since the last price cut.