Aiming to build confidence among Chinese consumers, Tesla CEO Elon Musk has pledged his company will begin local production in China within three years.
Xinhua reports that until then, imports from the United States will continue because the factory still has capacity left to grow into. Once that occurs, however, Musk says it would only be sensible to "localize production in China for the Chinese market, in Europe for the European market."
Though Musk and Tesla haven't had the best time in China since importation began in mid-2013 — ranging from sales issues and speculators, to range anxiety and consumer preferences — the CEO is optimistic about the future of his company's work in the market, taking the long-term view as the basis for said optimism.
The post Tesla Commits To Localized Production In China Within Three Years appeared first on The Truth About Cars.
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