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
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
-
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.
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
