Tesla buys new plot for its first China factory

Source: Shanghai Municipal People’s Government 

Shanghai Mayor Ying Yong and Tesla Chairman and CEO Elon Musk pose in from of a plaque for the Tesla (Shanghai) Ltd. Electric Vehicle Development and Innovation Center.  

Tesla successfully acquired an 864,885-square meter plot in Shanghai’s Lingang area for the electric car maker’s new factory, according to an announcement from Lingang Wednesday afternoon. No price was immediately disclosed.

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