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Tesla's Gigafactory plans in China just moved forward in a big way

Mashable Wednesday, 17 October 2018
Back in July, Tesla announced it had signed a deal in China allowing it to build up to 500,000 vehicles a year there. Now Elon Musk's company has acquired the land to build its manufacturing facility in Shanghai.

The location of the Chinese Gigafactory was set as Shanghai because it has a free-trade zone, which means there's...
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News video: Tesla Commits To Huge Investment In China, Just As Market Slows

Tesla Commits To Huge Investment In China, Just As Market Slows 00:44

Automotive News reports Tesla's breakthrough deal to secure land for a Shanghai factory commits Tesla to a multibillion-dollar investment just as the Chinese vehicle market falters. The company secured more than 200 acres of land for its planned Gigafactory 3 in Shanghai with a $140 million bid ....

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