Tesla offers $1,100 insurance subsidy for Model 3 purchases in China

BEIJING (Reuters) – U.S. automaker Tesla announced Wednesday that it would offer an 8,000 yuan ($1,101.90) insurance subsidy for purchases of Model 3 vehicles in China until March 17.

($1 = 7.2602 Chinese yuan renminbi)

(Reporting by Beijing newsroom; Editing by Christian Schmollinger)