Tesla's founder, Elon Musk, has confirmed that the company has reached an agreement with the Chinese authorities to build an Shanghai electric vehicle plant.
"The Chinese plant is about to start production in about three years and will serve the Chinese market and perhaps some other countries in the region. The intention is to produce Model 3, "Musk said.
"We will also produce Model S and Model X, but the idea is to produce mainly Model 3 for the local market and this is the only way to make this car available in China," he added. The US press recently announced that Tesla was authorized by the Shanghai authorities to settle in the city's free trade zone but its production would be taxed at an import duty of 25%. The company has not commented on this.
China strives to introduce electromobiles on its market. Recently, Beijing has confirmed that it will impose automakers' sales quotas for "clean cars" by 2019. Meanwhile, foreign auto companies set up their subsidiaries - joint ventures with Chinese manufacturers to boost their production.
Reply within 24 hours
*Personalized Shanghai Trip proposal
100% tailor-made Shanghai Trip
*Satisfaction guaranteed trip plan
Enjoy tour in “My Style”Shanghai Trip
*Private guide & car for your Shanghai Trip
*Professional Team 24/7 fully backed up
1 to 1 tailor-made service from our professional travel advisors for the most sophisticated
Constantly excellent reviews for attraction, hotel and service Competitive price
Local experts provide quality tours Best selected knowledgeable local guides Authentic local restaurants
7*24 hours available to create you a worry-free tour. No Hidden Fees and absolutely no pressure to buy. Secured