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    Business / Auto China

    Auto industry put pedal to metal

    (China Daily) Updated: 2014-02-17 07:24

    Tesla opens Beijing showroom, takes orders

    Auto industry put pedal to metal
    Inside the Tesla showroom [Feng Yongbin / China Daily]

    US electric carmaker Tesla opened its first showroom in China in November, taking pre-orders from customers at its Beijing location.

    Located in the east of Beijing, the showroom now displays two Tesla Model S four-door sports cars.

    Since last August, potential buyers have been able to sign a pre-order contract and put down a 250,000-yuan deposit to add their names to the waiting list. The sales will be launched next month.

    Based in Palo Alto, California, the company may open a service center in Beijing to help support new showrooms planned in Shanghai, Shenzhen and other cities.

    On Jan 22, Tesla announced the Model S would be priced at 734,000 yuan in China, defying previous estimates that it would cost upwards of 1 million yuan.

    Tesla CEO Elon Musk said that the company expects sales in China to match its US volume by 2015.

    In 2013, Tesla sold 22,300 Model S vehicles around the globe, far more than its initial target of 20,000 units.

    The company hoped to double its annual sales in 2014 "with high expectations for the China market".

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