China has suspended customs clearance for Tesla Inc's Model 3 electric cars...
SHANGHAI - China has suspended customs clearance for Tesla Inc’s Model 3 electric cars, citing various irregularities, including improper labeling of the vehicles, financial publication Caixin reported on Tuesday.
Making inroads in China, the world’s largest electric vehicle market, is crucial for the Silicon Valley carmaker as it seeks to offset softening demand in the United States and convince investors of its ability to become consistently profitable. Chief Executive Officer Elon Musk has played up the support Tesla is getting from Chinese authorities as it invests in the country’s first wholly foreign-owned car plant in Shanghai, due to come online later this year.
The authority has also urged inspectors at all ports responsible for importing vehicles to step up inspections of other imported Tesla models and suspend their release if similar problems are uncovered, the report added.A total of 1,171 Model 3 sedans arrived at north China’s Tianjin Port, after 84 such cars were imported via the port in February, China’s state news agency Xinhua reported on Tuesday.
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