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Tesla, Unicom to Build 400 TSLA Charging Stations in China

Tesla Motors (TSLA) is teaming up with Unicom, a mobile carrier in China, to build 400 charging stations in the country.

tesla-tsla-unicom
Source: ©iStock.com/ChenRobert

The Tesla charging stations will be built at 400 Unicom stores spread across 120 cities in China. There will also be supercharging stations set up in 20 cities. This is the company’s biggest investment in charging stations in China, reports Reuters.

Tesla started selling its vehicles in China in July. However, a lack of charging stations in the country has bee seen as a problem for the company. The electric car maker has signed deals in the past with other companies to set up charging stations, Reuters notes.

A scarcity of charging stations in the country inspired one Chinese businessman to build his own charging network. The businessman spread 20 charging stations out between Beijing and Guangzhou so that he could drive his Model S home.

TSLA shares were up 2% as of Friday afternoon.

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Article printed from InvestorPlace Media, https://investorplace.com/2014/08/tesla-tsla-unicom/.

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