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

Article by Christian Andrei, 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:

Comments

Login or Create new account to add a comment!

Recommended

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
Amazon is now moving beyond the four corners of online retailing. Only recently, the retail giant has been awarded a patent for its Road Network system. Since the patented technology...
by - January 20, 2017
The newest version of the Lamborghini Huracan is not a Superleggera, but a Performante. When Lamborghini filed for a patent for a new name, there were still debates whether this...
by - January 20, 2017
What is hotter and more menacing than a Hellcat? If we ask Dodge, its answer would be the “Demon.” Of course, we aren’t talking about a demon with horns and...
by - January 20, 2017
The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 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