Tesla opened a showroom last November in Beijing and it looks like the Model S will roll out sometime in March. With very aggressive pricing Tesla will be taking on the luxury hold of the likes of BMW and Mercedes. Tesla also plans to roll out a supercharger network in similar fashion to what’s it doing in the US and Europe. Unlike the competition Tesla’s pricing will not include the huge markups other luxury car manufacturers impose on the Chinese market. For example the Mercedes S 400 Hybrid, costs a whopping $230,000 in China whereas it sells for a mere $90,000 in the US.
In a recent announcement the Chinese company Wanxiang Group (owners of battery maker A123 Systems) have successfully bid for the bankrupt Fisker which developed the stunning looking Fisker Karma hybrid. Apparently the beauty did not translate to the overall experience with the Karma receiving poor reviews when launched in 2011. It will be interesting to see if Wanxiang can revive the brand and model and bring a Chinese luxury HEV to the local market.