New Tesla Factory in Shanghai, China Coming Soon
Last year, Tesla was negotiating with Shanghai authorities about building a factory there. Usually, car manufacturers need to partner with a Chinese firm to make and market vehicles in China. However, Tesla was apparently working on a deal that would let them bypass that process. After nearly 9 months, the Tesla Shanghai plant is now official. Reuters says Elon Musk has finalized a deal with the Chinese government to put up would-be a 1st Tesla factory outside the US. As soon as construction starts, it shall take roughly 2 years before the first car rolls off its assembly line. And about 2 or 3 years afterwards, this Shanghai plant could be making as many as 500K cars annually. This statement took place just days after China addressed Trump’s newly implemented tariffs on car imports.
Read more on Motor Trend.
Photo credit: Maurizio Pesce via Flickr.
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