Tesla to Enter Chinese Market with Electronic Sports Vehicle
Tesla’s latest pure electronics sports vehicle has caught the eye of motoring enthusiasts with its reasonable pricing, racing body and ecological concept. With high sales expectations and a cautious sizing up of Chinese automakers and there is also hope that the American upstart will bring fresh technology into China’s stagnant new energy sector.
US electric car maker Tesla was established in 2003 generated buzz in the US by creating a coast to coast network of charging stations for its customers that allows them to charge their vehicles quickly when traveling long distance. Last year alone the company sold more than 18,000 units of its Tesla Model S up by 611 percent year on year making them rank third in the electric car sales after General Motors and Nissan.
The company made their debut in the Chinese market using the Model S at a lower price of 734,000 yuan, around the same price in the home country, but the price does not include taxes and transportation costs. They say that the move is expected to bring a competitive edge for Tesla in hopes to gain foothold in the world’s largest auto maker and place pressure on their rivals.