Tesla plans to slow production at its Shanghai plant in the last week of February to prepare for building a revamped version of its Model 3 sedan, according to a person with knowledge of the matter and a planning memo seen by Reuters.
The revamped model will also be assembled at its plant in Fremont, California. Building permits filed with the city of Fremont concerning changes to its factory have referenced "Highland" since last June.
Tesla prototypes have been spotted in the United States in recent months which many believe are early versions. The automaker's global price cuts have boosted sales across the board, but the bump for the Model 3 in China shows signs of diminishing.
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