Tesla woos Chinese buyers for Model S with trade-in support

Article by Christian A., on December 30, 2014

Tesla Motors Inc. is trying to woo wealthy consumers in China to buy its Model S electric sedan by helping them trade in their older vehicles. Tesla said in a statement that it will collaborate with used-car traders to buy vehicles from Model S customers in large Chinese cities like Beijing, Shanghai and Hangzhou.

The carmaker will deduct the value of the sale from the price of the Model S, which carries a base tag of CHY648,000 ($104,000) in China. The California-based EV maker commenced deliveries of the Model S in China in April this year and has plans to start local production within three to four years.

The trade-in scheme came after Tesla disclosed this month that Veronica Wu has quit as chief of its operations in China, where it has nine stores and service centers in six cities.

Tesla has also partnered with companies like China Unicom and Soho China Ltd. to construct charging stations in China. The carmaker currently has around 700 power points in 70 cities across the country.

If you liked the article, share on:

Pin It

Comments

Recommended

Top Gear has revealed that for its “Stars in a Reasonably Fast Car” segment, it will now be using a slightly enhanced Toyota GT86, which in the U.S. market is...
by - March 24, 2017
Porsche is laying aside any plans of pushing another hybrid hypercar into their line-up -- at least not at this time. Oliver Blume, Porsche Global Chief confirmed in a recent...
by - March 24, 2017
Since 1993, Lexus has produced 4 generations of the Lexus GS, with the GS F amongst its newest member of the family. Unfortunately, rumors are also heating up that the...
by - March 24, 2017
In a leaked image following a presentation held in China, we learned that Czech automobile manufacturer Skoda will soon unveil 2 more new SUVs in China, resulting in a four-model...
by - March 24, 2017
McLaren is said to be designing the next generation of Sports Series, which could include a V6 hybrid among its powertrain options. It was earlier reported that the British automaker...
by - March 24, 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