Tesla Executive Provides More Details on Model X and Model 3 Sales in China

The Tesla Model X will be coming out much sooner than expected in China, according to a media report.

Robin Ren, vice-president of Tesla and president of its Asia-Pacific region, told China Daily that the Model X will go on sale in China near the end of this month. That’s much sooner than the initial plan for launch the Model X in that market sometime during the first quarter of 2017.

Tesla has been stimulated by the impressive number of orders for its upcoming Model 3. The automaker is “now making a new capacity plan,” he said.

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While the company would like to maintain a “global pricing” policy of the Model 3, it will need to be higher in China. With tariffs and the currency exchange rate, the price of the Model 3 would be about 400,000 yuan ($60,720), instead of $35,000 in the U.S., he said.

Ren said the company just signed a contract with the Beijing municipal government to locate its China headquarters in the city. Tesla set up its sales office in that city in 2014.

When asked about Tesla setting up a factory in China, Ren said that will be happening. He confirmed that Tesla’s plan is to build a factory there by the end of 2018, without offering any more details on the factory.

Inside EVs