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Recently, according to foreign media Insideevs reports, Tesla R & D Center is developing a pure electric car with a price of about 25,000 US dollars (about 169,000 RMB). The main competitors of this car will be Volkswagen ID.3, Nissan Leaf, and the cheaper Opel Corsa E and Renault Zoe. Tesla is laying out the supply chain for the car in China and Tesla will test the car by the end of 2021, the report said.

It is worth noting that the news that Tesla is developing a pure electric car priced at about $25,000 (about 169,000 yuan) is not the first time it has been revealed, Tesla has also revealed on several occasions that it is developing a cheap Tesla model. Earlier, Tesla China President Zhu Xiaotong said in an interview that Tesla is developing a cheaper Tesla for the mass market, with an estimated retail price of 160,000 yuan (about $25,000), according to several media reports. The model, which is expected to be a hatchback, will be locally designed for the Chinese market but sold globally. At Tesla Battery Day 2018, Tesla CEO Musk said he plans to launch an electric car priced at $25,000 within three years, and by vertically integrating the production of more powerful batteries, the company can expand the range of electric vehicles and reduce costs. However, in response to relevant reports, Tesla China responded that "Tesla may launch a cheaper model of about 160,000" is a rumor and has never been said."

Although Tesla denied the launch of a cheaper car of about 160,000 yuan, some netizens believe that "the launch of a Tesla model with a price of 160,000 yuan" is a matter of time. According to delivery data released by Tesla, 241300 electric vehicles were delivered worldwide in the third quarter of 2021, of which 232025 were delivered for Model 3 and Model Y and 9275 for Model X and Model S. As an important market for Tesla, Tesla China sold 133,238 vehicles in the third quarter, accounting for 55.22% of Tesla's total global sales. In addition, at Tesla's 2021 shareholders meeting, Tesla Musk said Tesla's sales target was 20 million vehicles per year by 2030, with more than 100,000 employees worldwide, and expressed confidence that it could maintain a delivery growth rate of at least 50%.

If there is a Tesla 160,000 yuan model reported by foreign media, it is really good news for domestic consumers. However, for other new car-making forces, it also brings a lot of pressure, and the impact on joint-venture brand new energy vehicle models and luxury brand low-end models will also be great. Some insiders said: If Tesla really produces 160,000 yuan models, the whole industry chain will form better opportunities for low-cost and coordinated development, which is a huge opportunity for the development of the automobile industry.

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