Tesla's China Strategy Advances With Land Deal For Shanghai Gigafactory [Forbes]
Tesla, Inc. (TSLA)
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Source: Forbes
Liane Yvkoff Contributor i Opinions expressed by Forbes Contributors are their own. Transportation I write about bleeding edge automotive technology. Shanghai, China - November 14, 2017: Tesla automobile on display at the Tesla store on Madang Road at night. Tesla is making good on its plans to build a Gigafactory in China. The company announced the development earlier this year after it signed a cooperation agreement with the Shanghai Lingang Area Development Administration, and this week secured the rights to 210 acres in Liangang, Shanghai for its first electric battery manufacturing plant outside the U.S. The move signals an important step for Tesla towards achieving lower production costs and profit as it expands its global market share. Dubbed Gigafactory 3 it will enable the technology giant to lower manufacturing and labor expenses while reducing shipping costs and times. “T
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- 4/17/24 - Form DEFA14A
- 4/17/24 - Form PRE
- 4/16/24 - Form 8-K
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