Tesla Registers Financial Leasing Company In China

DEC 28 2018 BY MARK KANE 1

Leasing could increase the sales volume in China

Reuters reports that Tesla has registered in Shanghai’s free trade zone a financial leasing company in China.

The wholly-owned financial leasing unit received $30 million of registered capital and probably soon will begin to lease electric cars to further leverage the business in China.

The Shanghai location is not accidental, as the city was earlier selected for the Tesla Gigafactory 3 investment.

Sales of the Tesla Model 3 in China should start next year, but it’s unknown whether Model 3 will be leased by Tesla, as there is no such possibility yet in the U.S.

Source: Reuters

Categories: China, Tesla

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1 Comment on "Tesla Registers Financial Leasing Company In China"

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Hopefully this will make it easier to lease a Model S or Model X in China. I’m not sure how it would serve Tesla’s purpose to lease the Model 3 in China, when they’re not leasing it elsewhere. Doesn’t seem much point to me to making the Model 3 more attractive in China than in other countries, when the time and cost for shipping to China is significantly higher than for shipping to Europe and various regions of the USA… not to mention the high Chinese tariffs.