Tesla has constructed a factory in the city of Shanghai.
China is home to the biggest electric car market on the planet.
Reuters, citing a document published by the Ministry of Industry and Information Technology, said the level of subsidy that Tesla would receive was not yet clear. Two types of the Model 3 were on the recommendation list for new energy vehicle subsidies, it said. Elon Musk's firm noted that the Chinese facility was, in terms of capital expenditure per unit of capacity, approximately 65% less expensive to construct than its U.S.-based Model 3 production system.
China's electric car market is the biggest on the planet — a little over 1 million electric cars were sold there last year — the IEA says, with Europe and the U.S. following behind.Just last week, the, together with China's Great Wall Motor, announced it would construct a plant to produce fully-electric models of the Mini car brand.
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