Tesla China

Affected by the new coronavirus pneumonia epidemic, Tesla's Shanghai Gigafactory has been temporarily closed, but we can soon see it resume production.

At present, the new coronavirus epidemic in China is still severe. In order to reduce the flow of people, many companies have also started working from home. This has also put pressure on manufacturing companies, including Tesla.

Tesla announced today that it will donate 5 million yuan to assist the Chinese government in supporting the CDC and other agencies in responding to the Wuhan pneumonia epidemic.

Tesla this week launched its first software update in 2020, which seems to have only been pushed to Chinese owners and brought in entertainment features such as Mahjong and Poker games.

In order to achieve the transition from "Made in China" to "Designed in China", Tesla CEO Elon Musk proposed a very cool thing -- the establishment of a design research and development center in China, Tesla said in an article published on its official WeChat account on Wednesday.

Tesla announced on January 3 that the price of the Model 3 produced in China was reduced to as low as 299,000 yuan after subsidy. The move also caused complaints from some existing car owners, according to the Guancha.cn.

With production starts at Tesla's Shanghai plant, and price cuts to stimulate demand, Model 3 sales in China will reach 150,000 in 2020, according to CITIC Securities.

Tesla posted a live video on Weibo on Monday to show the preparation process for the delivery ceremony of the Model 3 sedans that Tesla will hold in Shanghai on January 7.

After Tesla adopts the Chinese supply chain, China-made Model 3 will have a price reduction space of 27% to 34% from its current price, and the lowest price may be as low as 197,000 yuan ($28,000), Chinese newspaper Securities Daily said on Monday citing unnamed analysts.