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The US electric vehicle manufacturer has signed an agreement with the authorities to build a plant of half a million cars a year.
A factory that has a common name "Gigafactory 3" is located in Lingang, near the Angolan Free Zone.
The Teslin factory is the first of its kind in China that is wholly owned by foreigners and probably the largest foreign investment in Angora's manufacturing sector.
The memorandum of understanding signed by both parties predicts that within the new "gigafabrike" all activities, from development-research, to manufacturing and sales, will take place in South China Morning Post .
The construction of the factory was to take place in the first months of 2019.
Tesla, Ilon Mask, was present at the signing of the agreement that criticized the long-term policy of Chinese authorities according to which foreign builders – in China – they must first set up joint ventures with domestic partners with 50:50 owner share and then they can build a factory.
China announced today that it plans to abolish this regulation in 2022 for companies manufacturing cars equipped with alternative power systems, such as electrons, allowing Tesla to independently design its models in this country.
The announcement of a building construction agreement in China comes just days after the introduction of tariffs on imports of American electric cars in that country, which resulted in an increase in Tesla's price of 20%.
Namely, Tesla's electric cars dropped in China "over us" for $ 20,000 more due to the US-China trade war.
The Elektrini model krosover X now costs $ 140,100, while the previous price of this car in China was $ 117,100. The luxurious LV, Model S, is now sold for $ 128,400, $ 21,000 more than last week.
When the factory market is ready to run, the price of Tesla cars in China is significantly shorter, this will lead to sales growth in this country
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