China grants Tesla green light to start selling Shanghai-made Model Y SUV
- Wall Street extends slide on rising inflation fears
- Fed Has Already Changed its Policy Due to Inflation, Market Gambling Fears - Dick Bove
- U.S. consumer prices post largest gain since 2009 as inflation ramps up
- Bill Ackman said has been working on a transaction for Pershing Square Tontine (PSTH) for months
- FuboTV (FUBO) Surges After Crushing Views on New Subscribers Adds, Analysts Positive
FILE PHOTO: The company logo is pictured on a Tesla Model X electric car in Berlin, Germany, November 13, 2019. REUTERS/Fabrizio Bensch
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
By Yilei Sun and Brenda Goh
SHANGHAI (Reuters) - Tesla Inc has obtained permission to start selling its Shanghai-made Model Y sports utility vehicle in China.
The Ministry of Industry and Information Technology published the approval on its website on Monday.
Tesla, now sells its Model 3 electric cars in China and has been building new car manufacturing capacity in Shanghai to make its Model Y SUVs. It applied for the Shanghai-made Model Y SUV sales permission earlier this month.
It started delivering vehicles made in its Shanghai factory last December and sold more than 13,000 vehicles in China in October.
The company has started exporting China-made Model 3 cars to Europe and said last week it plans to also start making electric vehicle chargers in China in 2021.
(Reporting by Yilei Sun in Beijing and Brenda Goh in Shanghai; Editing by Shri Navaratnam and Stephen Coates)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Musk tweets Tesla self-driving rollout could take a couple of months; stock falls
- Beyond Meat (BYND) Expands Presence at Walmart With Launch of Beyond Meatballs and Summer Grilling Pop-ups Featuring the New Beyond Burger
- Ackman's Pershing Square swaps Starbucks for a slice of Domino's
Create E-mail Alert Related CategoriesCorporate News, General News, Reuters
Related EntitiesTesla, Model 3
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!