China customs lifts suspension on Tesla Model 3 imports

Tesla Reveals Model Y ‘Baby SUV’ Tonight: How To Watch Live

Tesla will be live streaming the entire launch event live from its website.

Two weeks ago Elon Musk, Tesla's CEO, revealed the Model Y will be roughly 10 per cent larger than the Model 3, and will be priced accordingly.

Based on the Model 3 platform, the Model Y is a cheaper, scaled-down version of the Tesla Model X SUV.

China's customs authority has lifted its suspension on imports of Tesla's Model 3, an official in the authority's news department told Reuters on Thursday. The Model Y will enter the fray at a time when crossovers are an incredibly hot segment of the entire global automotive market, and US demand for the Model 3 compact sedan is starting to taper off.

The Y won't feature the fantastic "falcon wing" doors of the X, according to Elon Musk, but it will be about 10 percent larger than the Model 3 sedan and sold for about 10 percent more. The increased commonality should make the Model Y easier to integrate into current assembly processes and make it somewhat less expensive to produce.

More news: Greta Thunberg: Swedish climate campaigner nominated for Nobel Peace Prize

Tesla has previously revealed only shaded computer renderings of the Model Y. Compact SUVs are the largest auto segment and is 50 percent larger than the next-largest segment.

Model Y will share 75 per cent of its parts with the Model 3 and will likely be built at Gigafactory 1 in Nevada.

China's General Administration of Customs stopped clearing Tesla Model 3 imports last week, saying they did not have the required Chinese language warning signs and had missing or incorrect nameplate labels.

This set-up should help the Model Y make it into production quicker and cost less to develop.

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