Tesla reveals plans for a new factory in Shanghai at shareholder meeting

Tesla reveals plans for a new factory in Shanghai at shareholder meeting

6 years ago
Anonymous $qrGo_Xv_Cm

https://www.cnbc.com/2018/06/05/tesla-talks-shanghai-factory-at-shareholder-meeting.html

At a shareholder meeting on Tuesday, Tesla's head of worldwide sales, Robin Ren, revealed that the company plans to build its first factory outside of the U.S. in Shanghai.

The Chinese government recently announced that it will allow foreign electric vehicle makers to fully own auto-factories there. Tesla's move into China is hotly anticipated, as building some vehicles there would allow the company to avoid import tariffs.

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