Telsa Motors is planning to place a manufactoring company in Shanghai, China. Business Day claims this move could help promote more electric car manufactoring in China.

Telsa claimed in a recent statement that moving manufactoring overseas will help make their cars more affordable. 

"Telsa is working with the Shanghai Municipal Government to explore the possibility of establising a manufactoring facility in the region to serve the Chinese market. Telsa is deeply committed to the Chinese market, and we continue to evaluate potential manufacturing sites around the globe to serve the local markets." A company spokesman made this statement.

"While we expect most of our production to remain in the U.S., we do need to establish local factories to ensure affordability for the markets they serve," he said.

There is no guarentee a plant will be built in Shanghai. According to a Chinese law, Telsa must find a "joint-venture partner." To complicate matters, China recently decided to no longer offer business to liscened automobile makers, which includes electric cars. 

Telsa does hope to close the deal, but no final decisions have been made.

Click here for more information.

Be the first to comment!
Post a Comment