Tesla hitting Chinese market
”Tesla, Inc., last week confirmed that it’s been in talks with the Chinese government to set up shop in a free trade zone in the Shanghai region.
It confirms rumors and think pieces about the electric carmaker’s agenda to build its own factory in the “new energy vehicle” market.
It’s not yet clear if an agreement has been made. If it closes, Tesla will be the first foreign automaker to build cars in China without a joint venture established with a Chinese vehicle manufacturer. All of the major global automakers have been manufacturing vehicles sold in country through JVs forged over the past quarter-century.”