Tesla CEO Elon Musk is expecting China output in next 3 to 4 years

Article by Christian Andrei, on April 23, 2014

Tesla Motors Inc. chief executive Elon Musk is expecting to build cars in China in the next three to four years. Musk said a Geekpark Conference in Beijing that Tesla is building a “big” network of battery-charging stations in China, including superchargers in the capital and Shanghai. Musk is in China to mark the beginning of Model S deliveries in the country.

Musk stated that they consider China as very important to the future of Tesla, adding that the carmaker will make a big investment in the country in terms of charging infrastructure.

By building cars in China, Tesla would be able to sell EVs at lower prices as it could avoid the country’s 25 percent import tariff. Tesla is trying to sell as many vehicles in China as in the United States by as early as 2015.

Tesla’s entry into China might entice people to buy electric cars – something that the Chinese government has struggled to accomplish. Finbarr O’Neill, president of J.D. Power & Associates, remarked that Tesla can sell “quite a few” EVs in China, but noted that there is a limit to every market.

The Model S fitted with an 85 kWh battery will have a starting price of CHY734,000 ($118,000) in China – much higher than its $71,000 tag in the United States before federal tax credits – no thanks to shipping charges, value-added taxes and import duties.

Tesla has stated it wants the Model S to qualify for China’s electric-car subsidies to help offset extra costs. Deliveries in China starts after Tesla started taking orders since August 2013 and opened an 8,600-sq-ft store in a shopping mall Beijing late last year to feature its offerings.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Volkswagen Group’s dieselgate saga continues, but it appears the German company would be able to get out of trouble, but it would not be unscathed. This development comes as Volkswagen...
by - January 22, 2017
When a car has been in the market for nearly six years, it loses some of its luster and its customers tend to go for the all-new model with a...
by - January 22, 2017
Remember Zenos Cars, a British carmaker that specializes in designing and building lightweight and high-performance sports cars? If you are wondering how the company is faring with their E10 lightweight...
by - January 21, 2017
Mercedes-Benz has revealed that in 2017, its series 124 coupé will be celebrating its 30th anniversary. While this itself is a significant event, it will also mean that this model...
by - January 21, 2017
BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries