Tesla Inc is considering pricing its China-manufactured Model 3 vehicles between 300,000 yuan and 350,000 yuan ($43,431-$50,670) before subsidies, Bloomberg reported on Tuesday, citing people familiar with the matter, reports Trend citing to Reuters
The final price is still being worked out, Bloomberg said citing a source.
The electric carmaker currently ships Model 3 vehicles from the United States to sell in China.
Tesla is counting on its Shanghai factory, which is scheduled to begin production this year, to manufacture Model 3 cars as it seeks to expand its lineup and boost sales in the world’s biggest EV market.
Tesla was not immediately available for a comment on the pricing, but an announcement is expected on May 31, according to a social media post by the company.