Tesla investment in china
Tesla is the first company to enter China as a 100% owned manufacturing setup. Many foreign companies are watching how this might turn out before they jump in with their own 100% entities. Tesla’s manufacturing unit supports China’s 2025 industrial strategy to upgrade the manufacturing capabilities of Chinese industries. Tesla has signed a “cooperative agreement” with the Shanghai Municipal Government to build its third Gigafactory and the first in China, the company announced today. Tesla says it aims to be able to make 500,000 cars per year there in what is the biggest market for electric vehicles in the world, The change opens the door for Tesla to have its own factory in China as soon as this […] Switch site. you can check out Fred’s portfolio and get monthly green stock investment ideas.