Mexican Media Brands
Tesla Closes In on Deal for Assembly Plant in China
Tesla Inc. confirms it expects to finalize a deal by year-end to open a plant in Shanghai to make electric cars for the Chinese market.
Share
Tesla Inc. confirms it expects to finalize a deal by year-end to open a plant in Shanghai to make electric cars for the Chinese market.
The California EV maker has been in discussions with the Shanghai municipal government since June. But it declines to comment on a Wall Street Journal report that an agreement already has been completed.
The newspaper says a formal announcement could be timed to coincide with President Donald Trump’s visit to Beijing in November. Trump has been critical of China’s trade policies and its huge trade surplus with the U.S.
Sources tell the Journal that Tesla has been approved to build a wholly owned factory in the city’s free-trade zone. The deal would enable the carmaker to reduce manufacturing costs, but cars made in the zone would still be subject to China’s 25% import tariff.
Last year Tesla sold about 11,000 imported EVs in China, collecting more than $1 billion in revenue.
RELATED CONTENT
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
Increasing Use of Structural Adhesives in Automotive
Can you glue a car together? Frank Billotto of DuPont Transportation & Industrial discusses the major role structural adhesives can play in vehicle assembly.
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
