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Tesla raises prices for some models in China, wins purchase tax exemption

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The US electric vehicle maker Tesla raised prices for some models in China, amid sharply devaluation of the yuan due to escalating trade tensions which have also led to import tariffs on vehicles.

The price of a basic level imported Model 3 sedan went up more than 2 per cent to 363,900 yuan ($50,900), according to Tesla’s website. Prices for basic level Model S sedans and Model X sport utility vehicles increased by a similar percentage, to . . .

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