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UPDATE 2-Tesla Motors outlines aggressive China growth plan

Jan 24 (Reuters) – U.S. electric carmaker Tesla Motors Inc expects China to contribute one-third of its global sales growth this year, a senior executive said on Friday, adding that a trademark issue stalling full-entry into China has now been resolved.

Veronica Wu, vice president of Tesla’s China operations, told Reuters the Palo Alto, California-based company planned to open stores in 10 to 12 Chinese cities by the end of 2014. Its flagship Beijing store opened late last year.

Tesla China had a “very aggressive growth objective” and was aiming to contribute “30 to 35 percent” of Tesla Motors’ global sales growth targeted for 2014, said Wu, who joined the carmaker from Apple’s China last year.

“I have my work cut out for me,” she said in an interview, at the company’s store in an upmarket Beijing shopping mall.

“But I am pretty confident.”

Last year, Tesla Motors’ total car sales were around 22,500. The company said earlier this month, it had delivered almost 6,900 Model S sedans in the fourth quarter, 20 percent above its forecasts.

Tesla said on Thursday a version of its Model S all-electric battery car which sells for $81,070 in the United States, would retail for 734,000 yuan ($121,300) in China after shipping costs and import duty and other taxes.
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