Posted on January 26, 2016 by Matt Pressman
Could the bustling city of Hong Kong be a sign of the growth possible for Tesla Motors in neighboring China? Tesla CEO Elon Musk is visiting Hong Kong this week touting the city's adoption of electric vehicles and forecasting growth throughout Asia, including China. According to South China Morning Post, Tesla sold 2,221 Model S sedans in 2015, making the electric car the top-selling sedan in Hong Kong. “Hong Kong is a beacon city for electric vehicles, [it can] serve as an example to the rest of the world on what to do,” Tesla CEO Elon Musk said yesterday. “I currently do not foresee any city exceeding Hong Kong. It will be the leader of the world,” he added.
From 2014 to 2015 alone, new registrations for electric vehicles in Hong Kong grew 270 percent, said Tesla. As of the end of December, there were 4,198 electric vehicles on the road, compared to 100 electric vehicles in Hong Kong at the end of 2010, according to statistics from the Environmental Protection Department in Hong Kong. And according to Engadget, Tesla "managed to sell 2,221 Model S in Hong Kong alone, which made up over 80 percent of the local electric vehicles that year. To put things into perspective, that's also 4.39 percent of Tesla's total global shipment in the same period."
Tesla CEO Elon Musk is quite busy this week in Hong Kong. The CEO premiered a stunning new video showcasing the dynamic growth of Tesla Motors in Hong Kong (see below).
Source: Tesla Motors
At the event, the Tesla CEO also discussed his plans for Hong Kong and thanked the many Model S and Roadster owners who attended. From his plans (see video below), it appears Tesla is looking ahead to continued growth in Hong Kong.
Source: Rocky Liu
Tesla CEO Elon Musk was also in Hong Kong for the StartmeupHK Festival as a featured speaker. At the talk, Musk discussed many wide-ranging topics (summary follows below) and forecasted a promising future for Tesla Motors in Hong Kong. Check out the talk below...
Source: Invest Hong Kong
As reported in Teslamondo, Musk reveals some key takeaways during this talk:
And, as Elon Musk continues to explore plans for local production in China in advance of the upcoming lower-priced Model 3, it appears likely that Tesla Motors will continue to aggressively grow its footprint in the region.