Tesla's (TSLA) push into China has ramped up a notch.

The electric automaker intends to open an electric car R&D center in Beijing, highlighting further efforts to infiltrate the Chinese market.

Elon Musk's electric automaker sold over 10,000 vehicles in the country last year alone.

The new Beijing R&D facility, first reported by Nikkei Asian Review, will reportedly be used for research and development of "new energy" cars and is wholly owned by Tesla's Hong Kong unit.

Tesla is also considering building it's cars in Shanghai to reduce costs, as vehicles are on average 40% more expensive in China versus the U.S. mostly due to a steep tariff on imported vehicles.

Shares of Tesla were moving higher during afternoon trading on Tuesday.

More of What's Trending on TheStreet:

More from Stocks

Bank of America Rips on Earnings Beat, But Analysts See Even More Gains Ahead

Bank of America Rips on Earnings Beat, But Analysts See Even More Gains Ahead

3 Reasons Why Netflix Bulls Are Getting Their Face Ripped Off After Earnings

3 Reasons Why Netflix Bulls Are Getting Their Face Ripped Off After Earnings

Stocks End Mixed as Dow Rises, S&P 500 and Nasdaq Slip

Stocks End Mixed as Dow Rises, S&P 500 and Nasdaq Slip

Action Alerts Plus is Picking Raytheon Over Other Defense Names

Action Alerts Plus is Picking Raytheon Over Other Defense Names

Should Tesla Actually Fire Elon Musk?

Should Tesla Actually Fire Elon Musk?