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, a Chinese company that controls a massive portion of the global battery market. The batteries are said to use a novel mix of iron, aluminum, and other metals that combine to produce a more energy-dense battery with a longer service life. ’s involvement likely also means a price reduction for components in Tesla’s supply chain, which could help keep MSRPs from ballooning.suggests that the new Model 3 could come with a price as low as 200,000 yuan, or around $28,000. That significantly undercuts the cheapest Model 3 in the U.S., which currently sells for just over $40,000.
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