/ Industry, News, Tesla / China: Tesla ups the price of Model S by 50%

China: Tesla ups the price of Model S by 50%

Linked In Share
China: Tesla ups the price of Model S by 50%

As billionaire founder Elon Musk prepares to test demand for electric vehicles in the world’s largest auto market, Tesla Motors will sell its battery-powered Model S sedan in China from 734,000 yuan ($121,280).

The price for the Model S, equipped with a premium 85 kilowatt hour battery pack, puts the car in the same bracket as an Audi S5 sedan or BMW’s 5-series GT sedan, according to Autohome, a car-pricing website. It’s also 50 % more expensive than in the US, where the equivalent model sells for $81,070, according to Tesla’s statement.

“The price of a Model S in China is the same as the price of a Model S in the US, adding only unavoidable taxes, customs duties and transportation costs,” the carmaker said in a statement on its website. “If we were to follow standard industry practice, we could get away with charging twice as much for the Model S in China as we do in the US.”

China is struggling to meet a target of having 5 million alternative energy-powered vehicles by 2020 because of a lack of charging stations, high costs and concerns about safety and range. Tesla’s entry is being closely watched by other automakers that have been trying to convince local consumers that electric vehicles are worth the hassle.

Under a program unveiled in September, the central government will focus on promoting the use of new-energy vehicles in three regions anchored by the cities of Beijing, Shanghai and Guangzhou using subsidies through 2015. Local governments provide matching subsidies on top of incentives by central government of as much as 60,000 yuan toward the purchase of an all-electric passenger vehicle.

Via Bloomberg

by Aurel Niculescu (my Google+) - Thursday, January 23rd, 2014 - filed under Industry, News, Tesla. Image credit: .
Linked In Share
Related Articles


Discuss: China: Tesla ups the price of Model S by 50%

Leave a Reply


















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

US: average-priced car getting more expensive than what average American can afford
US: average-priced car getting more expensive than what average American can affordWhile the US has shown a rapid recovery from the latest financial and economical crisis, the turnaround has been rapidly ...
Bid for new US presidential limo revealed
Bid for new US presidential limo revealedYou know how powerful a state head is by what he uses for personal transport – and Barrack Obama counts high on the list – ...
US: Chrysler adds part-time employees at Toledo plant
US: Chrysler adds part-time employees at Toledo plantThanks to great sales and demand for two of Jeeps cars – the Wrangler and the new Cherokee – the automaker has decided to add ...
Audi confirms production R8 e-tron
Audi confirms production R8 e-tronGerman car manufacturer Audi has confirmed its intention of putting the R8 e-tron into production and its range will be increased ...
China: Geely stock close to 18 months low
China: Geely stock close to 18 months lowGeely Automobile, the Chinese automaker that is now the parent of the Swedish carmaker Volvo, announced its sales went down 32% ...
[VIDEO] See Porsche 911 GT3’s active rear-wheel steering
[VIDEO] See Porsche 911 GT3’s active rear-wheel steeringA video posted on YouTube is proving that the new Porsche 911 GT3 has an active rear-wheel steering and it’s showing how this ...
Citroen C4 Cactus gets priced in France
Citroen C4 Cactus gets priced in FranceCitroen has announced the official starting price of the new C4 Cactus on its local auto market, where the model will set you ...
Report – US federal prosecutors to seek criminal probe on GM
Report – US federal prosecutors to seek criminal probe on GMGeneral Motor’s problem with the way it handled the timing of the ignition switch recall is getting more and more serious, as a ...
2015 Land Rover Freelander RS spied
2015 Land Rover Freelander RS spiedOur spy photographers have managed to capture on camera the upcoming Land Rover Freelander, in the hot RS version, which is said ...
Jaguar XE gets spied in Northern Europe
Jaguar XE gets spied in Northern EuropeJaguar has been recently spotted while testing the brand new XE entry-level sedan on a frozen lake, in Sweden. Our spy ...
US state of New Jersey blocks Tesla’s direct sales
US state of New Jersey blocks Tesla’s direct salesWe just brought you yesterday the news about dealer’s strive in some states to end Tesla’s ability to use direct sales ...
McLaren MP4-12C gets totaled in Taiwan
McLaren MP4-12C gets totaled in TaiwanThe driver of a McLaren MP4-12C has managed to completely ruin his ride after pushing the gas pedal too hard and losing control ...
Recall roundup: Fiat 500L for transmission problems
Recall roundup: Fiat 500L for transmission problemsFiat has recently announced a recall for the 500L, because of some problems with the automatic dual clutch transmission. The ...
Maruti Suzuki shares drop on investor concern
Maruti Suzuki shares drop on investor concernIn a rather rare case of shareholder activism in India, investors in Maruti Suzuki Ltd protested the plans laid out by the ...
Isuzu D-Max X-Runner Special Edition launched in Australia
Isuzu D-Max X-Runner Special Edition launched in AustraliaIsuzu has introduced a special edition of the D-Max, named the X-Runner, on the Australian continent, where the model in question ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Spied-Land Rover Baby Discovery RS Mule 001
Spied-Jaguar XE 001
2011-mclaren-mp4-12c-crash taiwan 1
Isuzu-D-Max-X-Runner-special edition 1
ferrari 458 speciale crash germany 1
koenigsegg_one1_dubai_police.ekhcm0ijeu0c4ccggk4kwck0o.a5fuq7lrqzkgc0ccw4ss08gso.th
2015 subaru legacy coupe 1
Alfa Romeo MiTo Vilner tuning 1
bmw x4 1
2015 Chevy Corvette Z06 1
2014 Honda Civic Si Coupe and Civic Si Sedan 1
Mercedes-Benz SLS AMG Black Series gets tuned by Domanig 1

More automotive from inautonews
While the US has shown a rapid recovery from the latest financial and economical crisis, the turnaround has been rapidly reflected by the prices of new cars and not so much by the average income in the household. With various studies showing that Average Transaction Prices have been hitting record ...
read more
Inautonews Editors Section
Test Drive: Renault Captur 0.9 – TCe 90 – fast review
Test Drive: Renault Captur 0.9 – TCe 90 – fast review After we’ve tested almost all Renault Captur models, we decided to check out the 3-cylinder engine - 898 cc 66kw (90 hp) model. Why we’ve ...
Test Drive Fiat 500L Living – Review
Test Drive Fiat 500L Living – Review Who ever thought in 2007, when Fiat unveiled the new 500 citycar that the Italian automaker will ever build a seven-seater 500 model. Clearly, ...
Test Drive Fiat 500L Trekking – Review
Test Drive Fiat 500L Trekking – Review Fiat had a great success back in the 60’s with the 500 model. It was cheap, practical and equipped with a 479 cmc petrol engine – that’s why ...

Editors Section
Inautonews Editors Section
2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video] 2009 safest cars Euro NCAP

Latest in Safety Report – US federal prosecutors to seek criminal probe on GMGeneral Motor’s problem with the way it handled the timing of the ignition switch recall is ... Recall roundup: Fiat 500L for transmission problemsFiat has recently announced a recall for the 500L, because of some problems with the automatic dual ...
Safety Section