U.S. electric vehicle maker Tesla Inc is considering lifting its prices in China...
BEIJING - U.S. electric vehicle maker Tesla Inc is considering lifting its prices in China from September amid yuan-related uncertainty, two people familiar with the matter said.
China allowed the yuan to weaken past the 7-per-dollar level on Monday for the first time in more than a decade, after which the U.S. government labeled China a currency manipulator, raising the stakes in the trade dispute between the two countries. Tesla currently imports all the cars it sells in China, but it is in the process of building a factory in Shanghai that will manufacture Model 3 cars in the initial phase and help it minimize the impact of the trade war and tariffs.
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