Tesla Motors announced the Hong Kong pricing for its Model S electric sedan.
Tesla Model S with the 60 kilowatt-hour battery will start at HK$579,000 (74,660 USD), while consumers in Hong Kong will pay HK$657,000 (84,700 USD) for the Model S with the 85 kilowatt-hour battery pack.
The Tesla Model S Performance 85 will start at HK$761,800 (98,230 USD).
Tesla’s Hong Kong prices are substantially cheaper than what it has announced for the mainland China market.
The automaker said the reason prices are so much higher in mainland China is because of the high taxes and customs charges. Without those charges, the Model S is priced the same as it is in the U.S. Nonetheless, Tesla Motors said it could charge twice as much in China as it does in the U.S., which would go along with “industry practices.” However, it chose not to do so.
Pre-orders for the Model S in Hong Kong exceeded 300 last July – a figure that surpasses the number of electric cars currently on city streets. Deliveries are expected to start before the end of 2014.