Tesla March Model S Registrations Rise in China

on April 28 2015 | in Daily Headlines Trending | by | with No Comments

Registrations of Tesla Motors Inc.’s Model S sedans in China rose 25 percent in March from the previous month, according to JL Warren Capital, in a sign that the automaker’s sales may be improving in the world’s largest auto market.

The monthly total was 326, up from 260 in February, according to data released Monday by JL Warren. The research firm also said Tesla imported 208 of the all-electric luxury cars to China in March after bringing in just 63 in February and 10 in January. Tesla didn’t respond to a request for comment on the JL Warren data.

“We are seeing a cleanup of inventory in mainland China,” said Junheng Li, head of research for JL Warren, in an e-mail.

Tesla is forecasting worldwide sales of 55,000 cars this year, a 74 percent increase from last year, without giving an outlook for China. Tesla first began deliveries of its all-electric Model S sedan to China in April 2014 and recently opened a new store and service center in Shanghai. The company has said it remains confident of its long-term prospects in China.

Read more at Bloomberg.

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