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IPFS News Link • Business/ Commerce

Tesla invests $680 million into Gigafactory 3 in China

• https://www.nextbigfuture.com, brian wang

In May 2018, Tesla (Shanghai) got a business license and TESLA MOTORS HK LIMITED was the wholly-owned shareholder. The legal representative is Zhu Xiaoyu, President of Tesla China. The main personnel include Zhang Jing, Todd Andrew Maron and Marc Jesus Cerda. On July 10th, Tesla signed an agreement with Shanghai Lingang Management Committee and Lingang Group to build a special investment in R&D, manufacturing and sales in the Lingang area. Pull the super factory.

The super factory (gigafactory 3) is called the "Dreadnought". It will be Tesla's first gigafactory outside the US. It will have an annual production capacity of 500,000 units. Tesla said it will inject $2 billion into the factory by borrowing from local banks in China.

1 Comments in Response to

Comment by chris gill
Entered on:

Yes Tesla will invest 680 million into the Chinese economy and they will have a factory, the Tesla technology, but alas, Tesla will have nothing but their name for what China givest they will take away for their own benefit.



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