Tesla said it hopes to sell hundreds of thousands of its moderately priced electric vehicles (EVs) each year from a planned China manufacturing base, aiming to tap a new-energy car market likely to soon become the world’s largest as Beijing phases out gasoline-powered models. In discussing its China plans, the US company also pushed back against recent reports of an imminent launch of its first offshore manufacturing base, saying a new China-based factory won’t begin production for at least three years, Caixin reports. “The China plan is sort of … a rough target to start production in about three years. It would be serving the China market and perhaps some other countries in the region,” said CEO Elon Musk. Musk said the new facility would focus on production of the Tesla 3 and Tesla Y, two of the company’s latest models aimed at the mass market, with prices starting at around $35,000.