Exchange Database

Tesla Starts Negotiations Over Shanghai Plant

Tesla Inc has announced that it has begun negotiations to set up a wholly owned manufacturing facility in Shanghai's free trade zone. The US firm is exploring the possibility of establishing a manufacturing facility in Shanghai to better serve the Chinese market.
Outcomes: 
This plant would be a first as current rules state that foreign companies can only build in China if they set up a joint venture with a local Chinese partner. The plant would also help Tesla slash costs of transporting the cars from California to China.
Source: 

http://www.chinadaily.com.cn/business/motoring/2017-10/24/content_336357...

Government?: 
No
Type of Exchange: 
business
Partners: 
Tesla Inc
Sponsor(s): 
Tesla Inc
Participants (Types): 
businesses, manufacturers
Exchange Date: 
Tuesday, October 24, 2017
Continuing: 
No
Image: 
Location: 
Shanghai, China
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Polls show Americans and Chinese are becoming less trustful of each other’s country. The Commission assesses the problem and offers recommendations to foster greater U.S.-China collaboration and understanding.

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