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  1. #1
    Jesus Christ is Lord

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    Default Tesla to Build Auto Factory in Shanghai

    Tesla to Build Auto Factory in Shanghai

    https://www.marketwatch.com/story/te...ina-2018-07-10


    Following months of speculation, Tesla TSLA, -0.14% is now prepared to open a plant in China, the Shanghai city government announced Tuesday. Chief Executive Elon Musk appeared in China to commemorate the partnership and sign an agreement.


    According to Tesla, the factory will take about two years to build, and it won’t reach its stated capacity of 500,000 vehicles a year for another two or three years. Still, the arrangement is notable, as Tesla will become the first foreign auto maker to open a wholly-owned factory in China and forego a joint-venture arrangement.

    Germany’s BMW AG BMW, -0.02% for example, said that it would begin a joint venture with Great Wall Motor Co. Ltd. 2333, -4.84% in China to make electric Mini vehicles. Each company will have a 50% stake in the venture. The company also plans to work with Baidu Inc. BIDU, +0.06% on self-driving technology in China. Ford Motor Co. F, -0.09% and Daimler AG DAI, +0.26% are among the other companies partnering with Baidu for these efforts.

  2. #2
    Scab Hating Union Thug

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    Default Re: Tesla to Build Auto Factory in Shanghai

    So much winning.....

    Sent from my SM-J327T using Tapatalk

  3. #3
    I Am Rocking Now

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    Default Re: Tesla to Build Auto Factory in Shanghai

    Quote Originally Posted by 222lifer View Post
    So much winning.....

    Sent from my SM-J327T using Tapatalk
    The guy that owns Tesla was never on the Trump Train..

  4. #4
    Retired !

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    Default Re: Tesla to Build Auto Factory in Shanghai

    Quote Originally Posted by crazy View Post
    The guy that owns Tesla was never on the Trump Train..
    Smart man then. He knows the train is a runaway on a crash course.

  5. #5
    I Am Rocking Now

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    Default Re: Tesla to Build Auto Factory in Shanghai

    Quote Originally Posted by fxstc07 View Post
    Smart man then. He knows the train is a runaway on a crash course.







 

 

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