Announcement comes as Elon Musk’s group faces increasing competition in world’s largest car market
Tesla cars have been included on a Chinese local government’s list of electric vehicles that can be bought by public, party and government groups for the first time. Elon Musk’s EV group is the only foreign-owned car manufacturer on the list published by the eastern province of Jiangsu. The company was among the 10 auto brands on the approved procurement list alongside Geely-owned Volvo Cars, SAIC-owned MG and state-owned Changan.
“China is hugely important for Tesla and has been for a long time, so this is just another positive,” said Philippe Houchois, an analyst with the bank. The announcement to include Tesla’s Model Y SUV comes in spite of heightening trade tensions between China and the west. “ product quality has been acknowledged by the local government,” Tesla China said in a statement.
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