Tesla cars that are “Made in China” have been recommended for government subsidies


China’s industry ministry has put Tesla Model 3 cars that are built inside the country on a list of vehicles recommended for government subsidies, according to a Reuters report on Friday.

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.

Tesla shares rose 1.5% in extended-hours trade on the back of the news.

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