Tesla's Model S to be sold at T-mall for Singles' Day promotion  

特斯拉进驻天猫试水整车销售 参与双11活动

(ECNS) -- American electric car maker Tesla Motors announced Monday that it will join a sales promotion by T-mall, Alibaba's e-commerce platform, on November 11, China's Singles' Day shopping festival.

It is the first time that Tesla's cars will be sold other than through their own website in China.

Buyers can pay a deposit of 50,000 yuan ($8,150) to Tesla through Yu'ebao, an online wealth management product, to book Model S cars and pay the rest at Tesla's bricks-and-mortar locations.

It will take at least five days for buyers to pick up cars in five cities, namely Beijing, Shanghai, Hangzhou, Chengdu and Shenzhen.

Tesla did not specify whether it will offer any discounts to online buyers.

Last year, Alibaba's online shopping platforms tmall.com and taobao.com achieved record sales of 36 billion yuan ($5.77 billion) on Singles' Day, a shopping festival initially created by young people to celebrate their single status.