Tesla buys new plot for its first China factory

Tesla buys new plot for its first China factory

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/10/17/tesla-buys-new-plot-for-its-first-china-factory.html

Tesla successfully acquired an 864,885-square meter plot in Shanghai's Lingang area for the electric car maker's new factory, according to an announcement from Lingang Wednesday afternoon. No price was immediately disclosed.

Plans for the wholly-owned factory were first announced in July. Lingang is located on the coast, about 47 miles southeast of the center of Shanghai or a roughly two-hour subway ride. Several auto manufacturers with foreign ties have facilities there, and unmarked test vehicles can be seen roaming the streets.

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