Tesla Motors Inc. has unveiled a new second-gen electric car program that guarantees its first-gen models for two years after they reach customers.
The program, which includes the $7,000 Tesla Signature, Tesla Model X and Model S, is a significant step forward for the company, which has been struggling to sell its electric vehicles in China.
Tesla Chief Executive Elon Musk told CNBC on Wednesday that the program would allow Tesla to offer its cars in the U.S. in 2018.
The first-generation Tesla cars are already sold in China, but the second- and third-generation cars were delayed from production because of the government’s crackdown on the Chinese car market, Musk said.
The deal is expected to be signed by Tesla CEO Elon Musk on Friday.
Tesla has faced intense pressure from the Chinese government to sell cars in its country, and it recently announced it will stop manufacturing its Model S cars in China in 2019.
Last year, the U.”s Department of Transportation announced that it would stop enforcing rules that would require Tesla to obtain a permit to sell electric cars in other countries.
The agency said the rules are not working and could make the company a target for Chinese authorities.
Last month, Musk also announced that he would be selling off some of his stake in Tesla to pay for the government crackdown on its Chinese car sales.
The company had been expected to announce that it was making a deal with Tesla to produce its cars and supply parts for its Model 3, which is set to debut later this year.
The second-year guarantee for the Signature will give Tesla’s second-tier Model S sedan the same guarantee as its third- and fourth-generation models.
Musk told Reuters the guarantee will also be available for all of Tesla’s existing models, including the Signature.
The Signature, which comes with an all-electric range of more than 310 miles, will be available from 2017 to 2022.
The Model X will also come with a guaranteed two-year warranty, Musk told the Wall Street Journal.
The Model X, which starts at $75,000, will replace Tesla’s current all-wheel-drive model, the Model S. It is a more affordable option that comes with a larger battery pack.
The price of the Signature range of electric cars will be $95,000.
The Signature will start with the standard version, which will be priced at $90,000 in 2018 and $100,000 from 2019.
The new guarantee, which Musk described as a “guarantees” program, is not available to buyers in the United States.
Tesla announced it would be introducing the Model 3 in 2018, but it was later delayed due to the government shutdown.