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U.S. Tesla Motors announced on May 10 that its first quarter revenue saw a year-on-year increase of 45 percent, reaching $1.6 billion. What’s more, China has become one of the company’s most important markets, China News Agency reported on Tuesday.
Tesla currently produces the Model S sedan and the Model X SUV crossover. Sales of the former have risen since entering the Chinese market two years ago. They also grew by 300 percent in the first quarter compared to the same period last year
The fact that Tesla chose China for the Asia debut of its Model X SUV, and the fact that they accepted reservations for the Model 3 electric vehicle (EV) in China, North America and Europe show how much attention the company is now paying to China.
So far, Tesla has opened 17 outlets and service centers on Chinese mainland and is further improving layout plans in northern, eastern and southern China.
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