Tesla Plant China – pressnews

[ad_1] Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.Tesla will manufacture its Megapack large-scale energy-storage unit in the new facility, which adds to its factory for electric vehicles in Shanghai. The company led by Elon Musk, who is said to be visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai. Tom Zhu, Tesla's senior vice president of automotive, and Shanghai government officials including vice mayor Wu Qing attended, with Tesla Vice President Tao Lin signing the contract. Construction is scheduled to begin in the third quarter of this year and the plant will commence production in the second quarter of 2024, the company said in...

[ad_1] Elon Musk will be in China for a visit from Saturday, with a possible stop at Tesla Inc.'s Shanghai factory, according to people familiar with the plans.The billionaire's schedule is expected to include a meeting with local Shanghai authorities, the people said, declining to be identified because the trip hasn't been disclosed publicly. The plans are fluid and may still change, they said. Tesla did not respond to a request for comment on Musk's visit outside of regular business hours. Musk's visit would come at a time of heightened tensions between China and the U.S. over everything from an alleged Chinese spy balloon being shot down over American skies to Beijing's partnership with Russian President Vladimir Putin amid his country's war in Ukraine.Musk is traveling with Tom Zhu,...

Tag: Tesla Plant China

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