Tesla Charging Stations will see Rapid Growth in China.

Tesla Logo

Tesla Logo

Tesla has been working on a issue in china that will help support consumers who are interested in purchasing fully electric vehicles but the lack of charging stations in China has been an obstacle for many of consumers in china until recently a deal has been struck. China Unicorn has signed an agreement with Tesla which will allow Unicorn to install charging stations for Tesla electric vehicles at many locations throughout China.

Details of the Deal

Charging stations will be located 400 China Unicorn locations in about 120 cities. Now who is paying for what? Well according to Financial Times Tesla may be paying for the installation of these charging points and China Unicorn maybe paying for the complete maintenance and electricity according to Financial Times. If Tesla can manage more hefty deals like this it can definitely bring more business and growth to their charging network really fast. The both companies already had business deals including China Unicorn providing Internet service for Tesla electric cars already in China.

How important is China to Tesla?

Elon Musk has stated on many occasion that China can become the company’s biggest market to date. The Asian market for premium vehicles has risen between 2003 and 2012 at least 36% on a annual basis. If this should continue by 2016 China will overtake the U.S. for having the biggest premium automobile market. With some of Tesla competition seeing real negative publicity concerning pricing on vehicles and being investigated by China’s National Development and Reform Commission this has given a path for Tesla to excel since they have what they call customer-first policy.

P.Madrigal

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