Tesla Working With Shanghai to Explore Auto Making in China
- China factory would help Tesla by eliminating import tax
- Tesla scheduled to begin building Model 3 in U.S. in July
Tesla Looks to Produce Cars in China
Tesla Inc. said it’s working with the Shanghai government to explore local manufacturing in China, a move that would allow the electric-car maker to achieve economies of scale and bring down manufacturing, labor and shipping costs.
The electric-car maker led by Elon Musk expects to more clearly define production plans by the end of the year, according to an emailed statement. While most of its production is expected to remain in the U.S., the Palo Alto, California-based company said it needs to establish local factories “to ensure affordability for the markets they serve.”