Tesla China to contribute significantly to its global growth in 2014 -exec

BEIJING Fri Jan 24, 2014 2:36am EST

BEIJING Jan 24 (Reuters) - U.S. battery carmaker Tesla Motors Inc expects China sales to contribute 30-35 percent of its total global growth targeted for this year, a senior China executive said on Friday.

Veronica Wu, vice president for Tesla's China operations, told Reuters the firm plans to set up stores in 10-12 Chinese cities in 2014.

She also said the obstacles that have delayed Tesla's full entry into the China market have been cleared after recently resolving a trademark dispute over its name in Chinese.

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