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  • carrying out the model way.

  • Tesla has gotten the green light to sell its model wise sports utility vehicle in China.

  • The world's most valuable automaker has been ramping up manufacturing capacity at its $2 billion Shanghai Gigafactory.

  • It already makes and sells the model three sedan on the mainland 13,000 cars in October alone.

  • The Gigafactory is central to Tesla's global growth strategy.

  • China is not only the world's largest auto market, it also has a government eager to boost electric vehicles.

  • As part of its war on pollution, Beijing offers hefty subsidies for electric vehicles.

  • It's also been expanding its nationwide network of charging points.

  • Tesla's big China push is not just about vehicles.

  • It's also about making more car parts locally.

  • Last week, Reuters learned that the California based automaker plans to invest $6.4 million in a new Shanghai factory to make Chargers.

  • Led by billionaire CEO Elon Musk, Tesla has more than weathered the economic downturn brought on by the coronavirus pandemic.

  • Its stock is up more than 400% in 2020.

  • Investor enthusiasm has only gotten stronger since November 16th, when news broke that the company plans to join the S and P 500 index in December.

carrying out the model way.

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B2 tesla shanghai model china electric sedan

Tesla to start selling Shanghai-made Model Y - Technology

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    林宜悉 posted on 2020/12/01
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