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October 19, 2019 02:10 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ovrdm8bVfy4/tesla-gets-the-go-ahead-to-build-cars-in-china
Tesla Gets the Go-Ahead To Build Cars In China
Tesla has been granted approval to start manufacturing its cars in China. The BBC reports: The electric carmaker, which is run by billionaire Elon Musk, is building a $2 billion factory in the eastern city of Shanghai. Tesla plans to build at least 1,000 of its Model 3s each week in the Chinese factory, which could be up and running within weeks. The new factory will give Tesla access to China, which is the world's biggest car market. It would also help the company avoid higher import tariffs that are imposed on cars made in the US. The new factory, known as the Gigafactory 3, is the first fully-foreign owned car plant in China. Permission to build the plant has been seen as a sign that Beijing is looking to open up its car market. Authorities in Shanghai have offered Tesla some help to speed up construction of the plant. Meanwhile, China excluded Tesla vehicles from a 10% tax on cars.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ovrdm8bVfy4/tesla-gets-the-go-ahead-to-build-cars-in-china
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