Tesla will build first overseas plant in Shanghai

1,062 views · Published 11 July 2018 · 1:04 · Indexed 23 September 2026

Channel: CGTN · 2018 · News & Politics

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The Shanghai municipal government says it will provide a level-playing field for foreign companies. This is after Tesla CEO Elon Musk visited Shanghai and signed a deal with the local authorities on Tuesday. The factory, with a planned annual capacity of 500,000 electric cars, will be located in the Lingang Area, along with an electric vehicle R&D center, according to the agreement.

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