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Tesla has agreed to pay China 2.23 billion yuan ($ 323 million) in taxes each year as part of its agreement with the authorities for the construction of an electric vehicle production plant.
According to the terms of the agreement, Tesla is expected to start paying tax revenue by the end of the year 2023, or to return the plot again, announced Monday the company, which will spend 14 , 08 billion yuan (about 2 billion dollars). In the form of capital expenditure on the factory over the next 5 years.
In July, Tesla signed an agreement with China for the construction of a plant in Shanghai to manufacture electric cars, the first of which outside the US aims to avoid tariffs and keep prices low in China. the world's largest market for electric cars. .
Tesla pointed out that his beliefs about equipment spending requirements and the objective of tax revenue could be met even if his actual car production was too low compared to his expectations.
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