(Original title: Tesla reportedly lands deal to build an EV factory in Shanghai) According to the Wall Street Journal, Tesla has signed an agreement to build a factory in Shanghai's free trade zone. Tesla still needs to pay a 25% import tax, but it will have a full controlling stake in the company, and the lower production and transportation costs are likely to offset the expenses incurred by the tariff. Tesla is currently refusing to comment, and is constantly reiterating its own announcement in June that the company will clarify manufacturing plans in China by the end of 2017. Tesla has confirmed that the company was in discussions with the Shanghai municipal government on the construction of the factory. If the agreement is finally signed, it will become Tesla's ticket to open the Chinese car sales market. Although Tesla started selling its electric cars in the Chinese market many years ago, sales still face the situation of foreigners and out of touch with their lives: If there is no place to recharge consumers cannot buy electric cars. The establishment of the Shanghai factory will not only make Tesla’s cars more popular, but it will also be able to meet the rising demand of the Chinese electric vehicle market. This plan is also particularly important for Tesla's Model 3. It is the basis for Tesla's expansion into other mainstream markets. Lower costs and improved performance will have a huge impact and impact on the sales market. This is not the first rumor that Tesla built a factory in Shanghai. In June this year, media reported that Tesla had reached an agreement with the relevant Shanghai authorities to set up a car manufacturing plant in Shanghai. It will for the first time realize the production of automobiles in China to better enter China, the world's largest auto market. However, the related company clarified that it had not had any contact with Tesla, nor did it have any intention to cooperate with Tesla on its establishment of a plant in China. (passer)
