Tesla secures Shanghai site for $2 billion China Gigafactory
Wednesday, 17 October 2018 Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday.
Automotive News reports Tesla's breakthrough deal to secure land for a Shanghai factory commits Tesla to a multibillion-dollar investment just as the Chinese vehicle market falters. The company secured more than 200 acres of land for its planned Gigafactory 3 in Shanghai with a $140 million bid ....
According to Reuters, Tesla Inc said on Friday that they have begun developing plans to produce approximately 3,000 Model 3 vehicles per week in China. The decision to produce in Shanghai comes as part..