Report: Model 3 Deliveries to Chinese Customers to Begin Next Week

Tesla is planning an event for Jan. 7 at its Shanghai plant to deliver the first China-made Model 3s to the public, according to a report from Reuters.

Tesla held an event early this week to hand over the earliest Model 3s to be produced at Gigafactory 3 to 15 Tesla employees who had purchased the car.

The Model 3 is priced at 355,800 yuan, about $50,000 before subsidies.

According to the Reuters report:

Tesla executives also told reporters the plant had achieved a production target of 1,000 units per week, or around 280 cars a day, and that sales for the China-made sedan had so far been “very good”.

Tesla has managed to build a factory and begin delivering vehicles in China in less than a year. The company hopes to ramp production to about 250,000 vehicles per year, which will include both the Model 3 sedan and upcoming Model Y SUV.

It’s an important milestone for the company in the largest electric car market in the world.

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