Tesla Predicts China Sales Will Contribute One Third of 2014 Global Sales

Jan 24, 2014 12:07 PM EST | Matt Mercuro

Tesla Motors said this week it expects its China sales to account for one third of global sales growth this year, according to Reuters.

Vice President of Tesla's China operations Veronica Wu said to Reuters that the company planned to open stores in 10 to 12 Chinese cities by the end of this year.

Wu, 43, who left Apple's China unit for Tesla at the end of last year said the electric automaker had a "very aggressive growth objective." The China unit was aiming to contribute around 30 to 25 percent of Tesla's global sales growth by the end of 2014.

Tesla would like to double its overall total sales this year, according to Wu, who put global sales at around 23,000 to 24,000 last year.

"I have my work cut out for me," Wu said, according to Reuters. "But I am pretty confident."

Tesla said earlier this week that a version of the Tesla Model S, which sells for $81,070 in the U.S., would sell for a retail price of 734,000 yuan ($121,300) in China after shipping fees and import duty and other taxes.

The automaker has said that the trademark issue preventing full-entry into China has been solved.

The trademark issue prevented the company from using the name "Te Si La," in China, according to Reuters.

"We went to court and we won," Wu said. "The court has given use right to use the name, which is why you see the Chinese name in our store now."

See Now: OnePlus 6: How Different Will It Be From OnePlus 5?

© 2024 Auto World News, All rights reserved. Do not reproduce without permission.
Get the Most Popular Autoworld Stories in a Weekly Newsletter

Join the Conversation

Real Time Analytics