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Tesla Plans Supercharger Network In China

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Tesla Motors Inc (NASDAQ:TSLA) revealed plans to build no-fee charging stations all over China to enable the Tesla’s prospective owners to travel long distance once they buy the car, reported the Wall Street Journal.

Supercharger network in China

Tesla Motors Inc (NASDAQ:TSLA) said that the charging stations network is still in its early phase, but Chinese customers can pre-order the Model S and receive the delivery by March. Tesla would build charging stations in China on a similar pattern to that of Europe and the United States, where Tesla has claimed delivery of 6,900 Model S electric sedans in the last quarter of the year.

“Shanghai is the obvious second point and then we’ve got a relatively aggressive geographic expansion plan,” said Diarmuid O’Connell, Tesla’s vice president for corporate & business development.

The EV manufacturer is planning to connect Beijing to Shanghai with superchargers stations for electric cars, said O’Connell while speaking in a news conference at the North American International Auto Show.

Tesla eying growing Chinese market

Tesla Motors Inc (NASDAQ:TSLA) is eying China as its next area of expansion, which can earn major revenue for the company. Also, the Chinese government is trying to enhance the demand of electric cars to contain the high levels of auto pollution in the densely populated cities.

According to Jerome Guillen, Vice President of Sales for Tesla, the Palo Alto-based company will start delivery of vehicles in China towards the end of current quarter. The company has already started its Chinese website through which the Chinese consumers can order Tesla electric sedans. The first Tesla showroom has been established, in Beijing, in November 2013. CEO Elon Musk indicated that Tesla Motors Inc (NASDAQ:TSLA) will start delivering cars in China in the first quarter of the year in, possibly in February.

Jerome Guillen said that over 6,900 Model S were sold in the final fiscal quarter of 2013, which is an increase of 900 compared to the previously forecasted sale. Tesla outperformed its third quarter by 25%. Investors seemed to be confident after an upbeat fourth quarter developments, which reflected in the stock as it surged above $161 per share.

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