James Alexander Michie: Tesla expands its assembly plants to China | National Post

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Tesla China James Alexander Michie

Tesla chooses China for first assembly plant outside U.S. | James Alexander Michie

Author: James Alexander Michie

Tesla expands its assembly plants outside the United States and now reaches the Asian territory, specifically China, which was announced at the time Tesla decided to raise the prices of vehicles manufactured in the United States that are sold in China for thus increasing the price of new tariffs imposed by the Chinese government against the attack on the President of the United States for tariffs on Chinese products.

Likewise, the government of Shanghai appreciated the important decision made by Tesla, by investing in a factory in the city, by the center of the automotive industry in China and also in research and development. It is important to note that China is always looking to attract or get more talents to help develop its capital for both the nation and for car manufacturers, which apply the advanced technology of electric vehicles.

On the other hand, Tesla has set as a goal and goal to start producing the first cars around two years after the construction of its factory in Shanghai starts, which could increase up to 500,000 vehicles a year, after about two or three more years, making the Tesla Shanghai plant much larger by automotive industry standards, since most automotive factories can build between 200,000 and 300,000 vehicles per year.

Similarly Tesla shares have increased 1.5 percent in US operations, it is even said that the company will obtain the capital required for the construction of a plant of such magnitude, coupled with it Tesla will have a year positive and it has been predicted that it will gather the capital to possibly finance new projects that have been proposed for China and Europe, with the support of the Shanghai government that could help to cover the expenses, however Tesla emphasized that the project will not affect US manufacturing operations UU and that likewise, they will continue to grow.

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Source: Brenda Goh | National Post

 


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