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At the same day, Tesla announced via its official account on Weibo, the Chinese social media platform, that the price of China-made Model 3 Standard Range Plus version would be reduced to less than 300,000 yuan, to meet the country's requirements of subsidizing new energy vehicles.

At the same time the benefits in operating profitability were not evident one year after the acqusition: EBITDA margins remained substantially flat compared to the acquisition year aog and were lower compared to the previous year. This is consistent with the medium- to long-term horizon required to achieve the industrial and commercial synergies. Given that large part of the Chinese acquisitions in Italy have happened recently, the coming years will be decisive to assess the impact of these operations both in terms of Italian production structure and ability to create value and profits.

At the meeting, Wang made some suggestions on strengthening cooperation within the framework of the SCO.

At that time, the atmosphere in São Paulo was totally different from the push notifications in her cellphone. On the weekend of Feb 22, Brazilians were celebrating the annual carnival. "Coronavirus is merely horrific news from the other side of the world, 16,000 kilometers away from here."

At the start of 2019, the association said the fall may become less severe in coming months. This is because of a lower comparable base figure from the second half of last year and the expected peak months of sales in September and October.