Seems Tesla is selling better in China than previously believed.
Tesla co-founder and CEO Elon Musk told Engadget that the upstart EV automaker is “doing reasonably well” in mainland China. It’s doing so well in fact that Musk and his cohort aim to have a Chinese manufacturing site chosen by mid-2016.
Tesla is eager to avoid the lofty import duties levied against cars imported into the country. Avoiding those taxes — in addition to diminished shipping costs — would make Tesla cars more competitive in China. Read more…
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