Tesla is going to build its factory in China

Tesla is going to build its factory in China

October 29, 2018 0 By autotimesnews

The American company announced its intentions the day before. It was decided to build a production site at the Shanghai Lingang Industrial Park, which is expected to start working in 2020. So far they are planning to release low-end models of the brand – Model 3 and Model Y.

The company also plans to produce at least 250,000 cars a year in a Chinese enterprise.

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It is no secret to anyone that the market for environmentally friendly transport is actively developing in China and the government fully supports manufacturers in this. Therefore, the production of the new Tesla plant will be focused on local residents.

This also contributed to the high import duty for imported into the Middle Kingdom American cars. Because of what it is necessary to raise the prices of electric cars themselves, and this does not contribute to high sales. A new venture should solve this problem. Recall that between China and the United States is still relevant trade dispute.