As expected, Tesla Inc. has raised the prices of some of its vehicles in China to cope with the weakening Chinese renminbi, Reuters reported Aug. 30, citing the company's Chinese website.
The report comes four days after people familiar with the matter told the news outlet that the Silicon Valley-based electric-car maker was planning to hike prices in China earlier than the planned increase in September.
At the time, the sources reportedly said Tesla is also looking at raising the prices even further in December if China proceeds with a 25% increase in tariff on cars that are imported from the U.S. and a 5% levy on U.S.-imported auto parts.
With the latest hikes, the starting price for the Model X SUV is now 809,900 yuan, up 2.4% from 790,900 yuan earlier. The long-range dual-motor variants of the mass-market Model 3 now costs 439,900 yuan, up 2.33% from 429,900 yuan earlier, the report added.
As of Aug. 29, US$1 was equivalent to 7.14 yuan.
