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A woman walks past a Tesla car store in Beijing in May 2018. Photo: Wang Zhao/AFP/Getty Images

Tesla said Friday that it's now taking pre-orders for Model 3s in China with a 286-mile range and announced pricing for the vehicles built there, according to published reports.

Why it matters: The announcements show how Tesla, which is struggling financially, is seeking to expand sales of the vehicle that's key to its future.

By the numbers: Per TechCrunch and others, the base price for the Chinese-built Model 3 will be around $47,500, which is "some 13 percent cheaper than its previous entry-level option."

  • Tesla also announced via Twitter that it's now taking orders for Model 3s in Australia, Hong Kong, Japan, New Zealand, Ireland and Macau.

The backdrop: Automakers are readying a slew of electric vehicle models in coming years that appeal to Americans' thirst for size, Axios' Steve LeVine reports.

What's next: Tesla and a crowd of other carmakers — Ford, VW, Volvo and a startup called Rivian — are on the verge of releasing a slew of SUVs, crossovers and electric pickup trucks.

Go deeper: The future of big electrics

Go deeper

15 mins ago - Podcasts

Bob Nelsen on AstraZeneca and his plan to revolutionize biotech

AstraZeneca and the University of Oxford on Monday reported promising efficacy data for their COVID-19 vaccine, which has less stringent storage requirements than the Pfizer and Moderna vaccines and may be distributed earlier in developing countries.

Axios Re:Cap digs into the state of vaccine and therapeutics manufacturing with Bob Nelsen, a successful biotech investor who on Monday launched Resilience, a giant new pharma production platform that he believes will prepare America for its next major health challenges.

Ben Geman, author of Generate
Updated 22 mins ago - Energy & Environment

Unpacking Joe Biden's decision to tap John Kerry as his climate envoy

Photo: Pablo Blazquez Dominguez/Getty Images

President-elect Joe Biden is naming former Secretary of State John Kerry as a special presidential envoy for climate change.

Why it matters: The transition team's announcement sought to show that it will be an influential role, noting that Kerry — a former Massachusetts senator and the Democrats' 2004 presidential nominee — will be on the National Security Council.

Dave Lawler, author of World
2 hours ago - World

Oxford and AstraZeneca's vaccine won't just go to rich countries

Waiting, in New Delhi. Photo: Jewel Samad/AFP via Getty Images

While the 95% efficacy rates for the Moderna and Pfizer/BioNTech vaccines are great news for the U.S. and Europe, Monday's announcement from Oxford and AstraZeneca may be far more significant for the rest of the world.

Why it matters: Oxford and AstraZeneca plan to distribute their vaccine at cost (around $3-4 per dose), and have already committed to providing over 1 billion doses to the developing world. The price tags are higher for the Pfizer ($20) and Moderna ($32-37) vaccines.