Tesla launches longer-range Model 3 EV for China with 14% price bump

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Tesla has begun offering its longer-range Model 3 variant to Chinese customers as it fights to regain market share from local rivals amid intense competition in the country’s premium electric vehicle (EV) segment.The US company announced on Tuesday that the new car, which has a range of 830km, would be priced at 269,500 yuan (US$37,492) on the mainland, 14 per cent higher than the basic edition, which has a 634km range.“The new variant has a longer driving range, and it is better in...