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Tesla starts taking orders for cheaper Model 3 version in China and Europe

Tesla has announced that it has started taking orders for cheaper version of its Model 3 car, as it seeks to expand its lineup and boost sales in Europe and world’s biggest EV market.

Late last year Tesla first started taking orders for Model 3 orders in Europe and China, but it only made the two higher-end versions of the Model 3 available: Long Range Dual Motor AWD and Model 3 Performance.

After eliminating the Mid-Range and Long-Range RWD Model 3, Tesla is now offering only Standard Range Plus along with the Long Range AWD and Performance versions.

The EV making giant in a statement said that Chinese customers can now order a standard range Model 3 variant whose starting price of 377,000 yuan ($56,167) will make it the cheapest version of the car in China.

The model will be equipped with Tesla’s Autopilot assisted driving function said the company in a statement.

According to Reuters Tesla has been adjusting prices of its US-made cars in China to remain affordable in the country, a move also aimed at fending off competition from a swathe of domestic EV startups such as Nio Inc, Byton and XPeng Motors.

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