TSLA News: Tesla Will Modify Cars to Fit Charging Stations in China

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Tesla Motors Inc (NASDAQ:TSLA) will modify its new cars to comply with charging standards in China.

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Source: ©iStock.com/ChenRobert

China has yet to release its charging standards, but Tesla says it will match them when they do. This change will likely help the company move more cars in the country and alleviate fears that potential customer may have about running out of juice without a charging station nearby, reports Bloomberg.

China plans to release its new charging standards in the next few years. However, there is no concrete date for the release. Tesla believes that its will see a “return to growth” in orders in the country. It hopes to build a “network that has the widest coverage” in China, Bloomberg notes.

Less than 2,500 Tesla vehicles were registered in China after they went on sale in April 2014. CEO Elon Musk said he would consider the launch of the electric vehicle in the country a success if it could sell 5,000 vehicles during that year, reports The Wall Street Journal.

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Article printed from InvestorPlace Media, https://investorplace.com/2015/05/tesla-china-charging-tsla/.

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