Thirst for luxury products in China is strong. So strong, in fact, that it outweighs the limitations associated with owning an electric car.
Or at least that’s what the latest news from Tesla suggests. According to Bloomberg, the company is reporting hundreds of orders for the Model S sedan in Hong Kong. It could be enough to double the number of electric cars on the city’s streets. In April, the city had 303 electric cars registered.
Chinese pricing for the car, which will go on sale in Hong Kong this winter, is unannounced. The Model S comes with a starting price of $69,000 in the U.S., but equipped the larger 85 kWh battery pack it starts at about $81,000. Fully loaded and packaged with a home charging unit, the car crests $117,000.
Telsa CEO Elon Musk said earlier this year that the brand expects to sell 21,000 units this year. Chinese and European sales will play a big role in that prediction.
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