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The agreement is concluded in the context of a trade war between China and the United States that increases import duties.
Ilona Maska Tesla Inc. agreed to start production of cars in Shanghai.
Associated Press writes about it.
Tesla CEO @elonmusk with Shanghai Mayor Ying Yong at Gigafactory's launch ceremony in Shanghai. $ TSLA #Tesla #China #TeslaChina # GF3 pic.twitter.com/sIecnGsU71
– Vincent (@ vincent13031925)
Tesla will start the production at the end of the year: starting with the Model 3 sedan, then the crossover, which has not yet been named (it could be called Y-ed).
Tesla announced its intention to open production in China in the summer of 2018.. The factory will receive the name of Gigafactory 3. The agreement is concluded in the context of a trade war between China and the United States that increases import duties.
Shanghai will produce medium-priced electric vehicles. The Tesla premium models will be manufactured in the United States and exported to China.
The Chinese authorities have already allocated 84 hectares to the factory.
But the American manufacturer will face its Chinese competitors BYD Auto and BAIC Group. In addition, General Motors, Volkswagen and Nissan are already investing in the production of electric vehicles in China.
Ukrainian Minister of Infrastructure, Volodymyr Omelyan, said that if the Verkhovna Rada would soon adopt a 15-year strategy for the Electric vehicle market development, this will allow the construction of the Tesla plant in Ukraine. . "Our goal is that one of the production plants of Tesla companies be located in Ukraine and manufactures electric cars not only for the Ukrainian market, but also for the European market," said the manager.
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