U.S. electric car maker Tesla cut the starting price of its Chinese-made Model 3 sedans on Thursday by about 8% to 249,900 yuan ($36,805), once Chinese subsidies for electric vehicles are taken into account, according to its China website. Previously, the starting price for Model 3 sedans made in Tesla’s Shanghai factory with a standard driving range was 271,550 yuan, after state purchase subsidies. Sources told Reuters that the standard range Model 3 sedans would now come with lithium iron phosphate (LFP) batteries which are cheaper than the nickel-cobalt-manganese (NMC) cells it used previously. Tesla did not disclose what batteries the cheaper version uses. The price for Model 3 vehicles with a longer range is now 309,900 yuan, down from 344,050 yuan. Tesla started to deliver cars from the Shanghai factory in December, helping it save on shipping costs and tariffs […]