Tesla to Construct Megapack Battery Factory in Shanghai, Boosting China Investment.
TL;DR Summary
Tesla is planning to increase its investment in China by building a battery factory in Shanghai. The factory will be the company's first in China and will help it avoid the country's high import tariffs. Tesla has been expanding its presence in China, which is the world's largest electric vehicle market, and hopes to produce 500,000 cars per year there within the next few years.
- Tesla boosts China investment with plans for Shanghai battery factory Financial Times
- Tesla to build Shanghai factory to make Megapack batteries - Xinhua Yahoo Finance
- Tesla (TSLA) to Build Megapack Battery Factory in Shanghai Bloomberg
- Reports: Tesla plans Shanghai factory for power storage The Associated Press
- Tesla to build Shanghai factory to make Megapack batteries, Xinhua reports Reuters
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