With this, Tesla not only hopes to bring down manufacturing costs, but also gain other material advantages when it comes to selling its electric vehicles in the country.
Washington imposed penalty tariffs on Chinese goods and Beijing retaliated by raising duties on imports of American products including electric cars.
At present, it appears that the vehicle made in this facility will be sold within the Chinese market, however, cheaper manufacturing costs in China would make sense for Tesla to further expand capacity and start exporting cars as well.
Tesla successfully acquired an 864,885-square meter plot in Shanghai's Lingang area for the electric vehicle maker's new factory, according to an announcement from Lingang Wednesday afternoon.
That is "an important milestone for what will be our next advanced, sustainably developed manufacturing site,"Vice President of Worldwide Sales Robin Ren said in a statement".
A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018.
Vegas Play of the Day: Astros vs. Red Sox Several Astros then aided Pearce, with Verlander grabbing him by the hand and helping him up after the spill. Miley pitched 5 2/3 shutout innings in Game 2 vs. the Dodgers, allowing two hits.
As Tesla moves forward with plans to build electric cars in China, the automaker has secured land in the country for one of its so-called Gigafactories.
Tesla Inc (NASDAQ:TSLA) previously announced plans for a factory in China have taken a major leap forward. Beijing responded by slapping an additional 25 percent tariff on cars imported from the US, raising the total tariff to 40 percent.
Tesla's foray into China is becoming a reality.
The factory will reportedly have annual production capacity of around 500,000 cars. For the first nine months of this year, new-energy vehicle sales across mainland China jumped by 81.1 per cent from a year ago to 721,000 units.
In July, the auto maker signed a deal with Shanghai authorities to open a plant in the Chinese city with an annual capacity of 500,000 cars, and said it would raise $2 billion to fund the construction, Reuters reported.
So Cardi B , Christina Aguilera , Rihanna , Kendrick Lamar are all possible, ' a source shared with HollywoodLife . Well, we can knock off Rihanna from that list of possibilities, although her refusal hasn't been confirmed.
The picture bore a date and time stamp, as well as a Turkish caption saying that Khashoggi was arriving at the consulate. That team was sent "specifically for the murder", a person with knowledge of the Turkish investigation tells the Post .
At a campaign rally in Montana tonight, Trump first said "never wrestle him", after calling Gianforte up on stage. The judge called Gianforte's actions "totally unacceptable" but gave him a six-month deferred sentence.
One participant, Dilmer Vigil, said earlier this week that he joined the caravan because he had been unemployed for six months. "Can you believe this and what Democrats are allowing to be done to our country?" the president said on Twitter .
The suspect is observed running toward the front door of the residence while lifting the child in the air by one arm. The woman could potentially be charged with child abandonment, which is a felony of the third degree in Texas.
The Saudi government has strongly denied having anything to do with the disappearance of Jamal Khashoggi . Khashoggi, a Washington Post columnist, was a strong critic of Crown Prince Mohammed bin Salman.
This is exactly why LeBron James is not only the best player in the game, but arguably the greatest leader in sports. Bryant is one of just four players to win the MVP award while wearing the purple and gold.
UnitedHealth Group Incorporated shares decreased -3.56 percent over the past week and fell -2.21 percent over the previous month. Leerink Swann reissued an "outperform" rating on shares of UnitedHealth Group in a research note on Wednesday , July 18th.
On third day of the Test, Azhar Ali , on 64, edged past gully on the third ball of the 53rd over bowled by Peter Siddle. The tourists were 1-47 in reply at stumps with Aaron Finch unbeaten on 24 and Travis Head 17 not out.
President Trump: 'Certainly Looks' Like Saudi Writer Dead
Trump has threatened the kingdom with "severe punishment" if it is shown that Khashoggi was killed inside its Istanbul mission. Pompeo says the Saudis assured him they will conduct a "complete, thorough" investigation into Khashoggi's disappearance.
Luke Shaw signs new Manchester United deal
Chelsea have stuck religiously to a 4-3-3 formation this season and have operated with tactical consistency. Sarri faces another busy period handling his squad who will be battling for major honours on all fronts.
3 takeaways from 2018-19 season opener
It is a good win but we still got a lot of work to do. "When we play like this we will be a tough team to beat". Centers Nene (right calf tightness) and Zhou Qi (left knee sprain) did not play.
Huawei's Mate 20 Pro and Mate 20 X in 60 seconds
The HUAWEI Mate 20 Pro houses a large, high-density 4200mAh (typical value) battery , and supports 40W HUAWEI SuperCharge. It can take on gaming devices like the Razer Phone 2 , while also being productive like the Samsung Galaxy Note 9 .
Sergeant Major John L. Canley
After a review lasting almost four years, Defense Secretary James Mattis agreed that Canley's heroism merited the Medal of Honor . Gonzalez, who was killed, would be posthumously awarded the Medal of Honor .