Unlike our US market, imported cars sold in China are heavily taxed based on multiple factors such as the engine’s displacement.
But apparently the tax policy does not work on electric cars. Yesterday Tesla released its product pricing for Chinese market. The Model S 60kWh carries a price tag of RMB 648,000 (around USD $103,885 using today’s FX rate). Do not be surprised about the USD equivalent value, because cars are way more expensive in China. For example the Lexus GS350 FSport’s MSRP in China is RMB 780,000 (around USD $125,046).
In US, a Lexus GS350 FSport MSRP = $53,280, a Tesla Model S 60kWh MSRP = $69,900; In China, after converting to USD, the GS350 is sold for ...
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