Tesla Coming to China Soon
Published June 10, 2013
Americas wonder brand Tesla is planning to enter the Chinese market soon according to Chinese and English language media reports.
The China Youth Daily reported late lats week that Tesla are planning to open a sales outlet in the Beijing area very soon, although no time frame was given. Tesla was founded in 2003 and has quickly gained headlines all over the world for its range of luxury electric vehicles and also paying off government loans ahead of time.
The government intends to release a new subsidy policy to popularize the purchase of hybrid and electric vehicles, replacing a previous policy that expired at the end of 2012, the official China Securities Journal reported on May 23, citing an unnamed official with the Ministry of Industry and Information Technology, the countrys industry watchdog.
The Chinese government plans to announce a new subsidy policy in the near future to further promote the take up of hybrid and electric vehicles, however Tesla as an imported product would not be able to take advantage. Furthermore luxury buyers are likely going to be uninterested in any government assistance in buying their cars, one potential drawback is a lack of rapid charging infrastructure in Beijing area.