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Is Tesla’s new low-cost car a winner for Beijing buyers?

Tesla’s CEO Elon Musk announced on Wednesday that his company’s entry-level Model 3, estimated to cost 35,000 US dollars, will be unveiled in March next year, with a possible trump card for the Chinese market. The smaller sedan, priced at about 230,000 yuan and due for production in 2017, will certainly be good news for China’s Tesla lovers.

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