Tag: Shanghai factory

8
Jan

Elon Musk breaks ground on Tesla’s Shanghai factory

•Elon Musk’s electric car maker acquired land for a factory on the outskirts of Shanghai for about $140 million in October.•Producing vehicles in China would reduce costs from tariffs and ocean transport for Tesla, as it faces rising competition from local electric automakers.•The Shanghai factory is expected to begin partial production in the second half of this year, according to

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