CHINA (HAINAN)/US. Tesla – a world leader in the electric vehicle and clean energy markets – is the latest major international business to confirm its attendance at the upcoming China International Consumer Products Expo, to be held in the Hainan capital of Haikou from 7-10 May.
The California-headquartered company’s presence at the showpiece event will deepen its ties with the vibrant Chinese island, after it signed a contract for projects relating to the development of the Hainan Free Trade Port last October. More recently, on 15 January, the first Tesla service centre in Hainan opened in Haikou.
Tesla Global Vice President Tao Ling said his company is “highly supportive of and optimistic” about the Expo, and sees it as a key supporting element for the development of the Hainan Free Trade Port.
The much-anticipated Expo – organised by Hainan Provincial Bureau of International Economic Development (Hainan IEDB) – is set to drive an increase in domestic consumption and help bring overseas spending back to China.
More than 200 global brands have now confirmed their participation at the Expo. These include a number of prominent brand owners in the travel retail channel such as Rémy Cointreau, L’Oréal, Edrington Group, Pernod Ricard and Shiseido.
The organisers estimate that between 3,000 and 5,000 professional buyers and up to 50,000 high-end consumers will visit the Expo each day.
Hainan Island: Travel retail’s global hotspot
The Moodie Davitt Report will next week publish a Hainan Island Special Report with the China edition of The Magazine in February 2021. Written by Martin Moodie and Dermot Davitt, it will explore how the offshore duty free business in China has become critical to the world’s leading brands across many categories.
穆迪戴维特报告（Moodie Davitt Report）将于2021年2月随The Magazine的中文版发表《海南特别报道》。该篇由马丁·穆迪（Martin Moodie）和德莫特·戴维特（Dermot Davitt）撰写，将探讨中国的离岸免税业务是如何变得对跨类别的各大全球领先品牌至关重要。
The report will feature:
Contact Irene@MoodieDavittReport.com to partner with The Moodie Davitt Report for this special edition.