On Thursday, U.S. electric vehicle maker Tesla Inc stated, it has trimmed the starting price for its China-made Model 3 vehicles by nearly 8% to $36,805.21 (249,900 yuan).

The development comes in the wake of Tesla receiving subsidies from the Chinese government for its electric vehicles.

Earlier the starting price for its Model 3 electric sedans made in its Shanghai factory was 271,550 yuan, after subsidies.