Tesla Breaks Ground On SH Factory

US electric car manufacturer Tesla yesterday broke ground on its Shanghai factory, becoming the first company to benefit from a new policy that allows foreign carmakers to set up wholly owned subsidiaries in China.


The new plant, Tesla’s first outside the United States, is located in Lingang, southeast Shanghai.


The factory, which is Shanghai’s largest foreign invested manufacturing project, will initially have an annual capacity of 250,000 electric vehicles in the first phase, eventually rising to 500,000 cars a year when fully operational.


Source: Shanghai Live/SHINE