Friday, February 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
IBM Researchers Talk About the Future of EUV at SPIE
Xiaomi and Microsoft Expand Their Collaboration in cloud, Devices and AI Areas
Google's Augmented Reality SDK ARCore 1.0 Released, Google Lens Updated
Google Assistant is Going Global
TEAC Releases New Reference Series Hi-Res Audio Models
First Affordable Android Go Smartphones Coming Next Week
Samsung Breaks Ground on New EUV Line in Hwaseong
Samsung Max Android Application Offering Mobile Data Saving Mode and Privacy
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Tesla S...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, October 23, 2017
Tesla Said to Set up China Plant


Electric-vehicle maker Tesla has agreed with the Shanghai government to set up a plant in the city, a deal that would make it the first foreign automaker to open a wholly owned factory in China, according to a report in the Wall Street Journal on Sunday.

The company reaffirmed it is talking with the Shanghai municipal government to set up a factory in the region, but declined to comment on a report that a deal has been reached.

China levies a 25 percent duty on sales of imported vehicles and has not allowed foreign automakers to establish wholly owned factories in the country, the world's largest auto market. Those are problems for Tesla, which wants to expand its presence in China's growing electric vehicle market without compromising its independence or intellectual property.

China's government has considered allowing foreign automakers to set up wholly owned factories in free trade zones in part to encourage more production of electric and hybrid vehicles - which the government calls "new energy vehicles" - to meet ambitious sales quotas.

Tesla would still have to pay a 25 percent duty on cars built in a free trade zone, but it could lower its production costs.

Tesla Chief Executive Elon Musk has said the company eventually will need vehicle and battery manufacturing centers in Europe and Asia.

Tesla is trying to accelerate output of its new Model 3 sedan, but conceded earlier this month that production bottlenecks had held third-quarter production to just 260 vehicles, well short of the 1,500 previously planned.



Previous
Next
Pay with Google Speeds Up Checkout        All News        ASUS VivoBook E203 Windows 10 S Laptop Now Available for $229
Kaspersky Lab Seeks To Restore Reliability By Opening Software to Review     General Computing News      Samsung, LG Electronics are Lagging in Autonomous Car Race

Get RSS feed Easy Print E-Mail this Message

Related News
Tesla's Musk Will Be paid Only When Company Has a Profit
Tesla Finished Installing the World's Largest Mega-battery in Australia Within 100 Days
Tesla Roadster Electric Supercar Accelerates to 60mph in 2.2 sec
AMD Said to Make AI Chip for Tesla
NTSB Blames Tesla Automation in Fatal 2016 Crash
Tesla Lowers Price of Model X
Tesla Delivers First Model 3 Cars
Tesla CEO Shows Off First Production Tesla Model 3
Tesla to Build Battery Farm in Australia
Tesla Could Enter the Music-Streaming Business
NVIDIA Tesla V100 Available Later This Year
Tesla to Build More Charging Stations

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .