Tesla (TSLA) has secured tax exemptions for “new energy vehicles” in China for its upcoming new Model Y made at Gigafactory Shanghai.
It’s one of the last steps before the electric SUV can be delivered to customers in the country.
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Tesla has been guiding a start of production and deliveries of the Model Y in China in “early 2021.”
Production is expected to start any day and ramp to higher volumes in the coming months for deliveries in Q1 2021.
