Stories
Slash Boxes
Comments

SoylentNews is people

Electric Car Maker Tesla to Build Factory in China

posted by martyb on Monday October 23 2017, @05:05PM   Printer-friendly
from the preorder-on-banggood dept.

takyon writes:

Tesla has reached an agreement to build a factory in Shanghai, China:

Tesla Inc. has reached an agreement with the Shanghai government to set up its own manufacturing facility in the city, the Wall Street Journal reported Sunday, citing people briefed on the plan.

The Palo Alto, California-based carmaker is working with the local government on the timing and details of an announcement, the people told the newspaper. The deal, which without a local partner likely won't negate China's 25 percent import tax, will still allow Tesla to reduce its production costs drastically, according to the report.

China is the world's largest market for automobiles.

Also at The Verge and WSJ.

Previously: Tesla's Big China Chances on Indefinite Hold

Original Submission

 
This discussion has been archived. No new comments can be posted.
Electric Car Maker Tesla to Build Factory in China | Log In/Create an Account | Top | 29 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 4, Informative) by c0lo on Monday October 23 2017, @09:31PM (1 child)

    by c0lo (156) Subscriber Badge on Monday October 23 2017, @09:31PM (#586590) Journal

    Tesla has decided it is okay to turn over all its technology to China.

    What technology you think does Tesla has that China don't have it already?

    BYD [wikipedia.org]

    Hailed for its innovations,[4] BYD has grown to become a major manufacturer of rechargeable batteries, most notably mobile phone batteries.[5]

    BYD topped the 2010 Bloomberg Businessweek Tech 100 list, a list of large, fast-growing tech companies.[6]

    Comparison [afr.com]:

    While Musk and much of the American media breathlessly noted the opening of Tesla's "Gigafactory" in January, that same milestone (1 gigawatt of annual battery production) was reached by BYD at least three years ago.

    --
    https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
    Starting Score:    1  point
    Moderation   +2  
       Interesting=1, Informative=1, Total=2
    Extra 'Informative' Modifier   0  
    Karma-Bonus Modifier   +1  
    Total Score:   4  

  • (Score: 2) by bob_super on Tuesday October 24 2017, @04:19PM

    by bob_super (1357) on Tuesday October 24 2017, @04:19PM (#586918)

    But they're not American, so they don't count and are probably just copycats!