The decision, earlier reported by Reuters this week, comes as the Chinese yuan trades at its weakest levels in more than 10 years.
People attend a Tesla performance driving school promotional event at Shanghai International Circuit in Shanghai, China, August 22, 2019.raised prices for some of its cars in China on Friday as the country's currency continues to fall.
Tesla is currently building a third factory in China which it hopes to have online by the end of 2019.had raised prices for some vehicles in China as the yuan trades at its weakest levels in more than a decade. Its long-range dual-motor variants of mass-market Model 3 cars are now 439,900 yuan, up from 429,900 yuan previously.
The latest hike comes as China allowed the yuan to weaken against the U.S. dollar earlier this month, raising the cost of imports and prompting Washington to label China a currency manipulator. Beijing has strongly opposed the label.
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