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Tesla Will Build A New Factory In China With $4.5 Billion Investment

Tesla will build a new factory in China with Chinese government-owned company Jinqiao Group. Both parties will invest about $4.5 billion each, and the plant will be located in Shanghai. Under this project, it is also said Tesla will have their themepark for attraction. With Chinese Tesla factory, it allows Tesla to sell their car 25 percent cheaper than fully import model. With Tesla Model 3 received an overwhelming order from customers, Tesla needs a new factory to expand their market in China.

tesla production line up

(via Mashable)

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