Tesla buys new land for its first factory in China



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Shanghai Mayor Ying Yong and Tesla President and CEO Elon Musk pose in front of a plaque for the Tesla (Shanghai) Ltd. Electric Vehicle Development and Innovation Center.

Source: Shanghai Municipal People's Government

Shanghai Mayor Ying Yong and Tesla President and CEO Elon Musk pose in front of a plaque for the Tesla (Shanghai) Ltd. Electric Vehicle Development and Innovation Center.

Tesla has successfully acquired a 864,885-square-meter plot in the Lingang area of ​​Shanghai for the new electric car manufacturer's plant, according to a Lingang announcement Wednesday afternoon. No prices have been disclosed immediately.

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