• Tesla is gaining around after securing a Shanghai site for its first overseas Gigafactory

    30 days ago - By Business Insider

    Tesla announced Wednesday that it has secured an 860,000 square meter plot of land in Shanghai, China, to build its first overseas Gigafactory.
    In July, the car maker signed a deal with Shanghai authorities to open a plant in the Chinese city with an annual capacity of 500,000 cars, and said it would raise $2 billion to fund the construction, Reuters reported.
    Shares are gaining ground on the news, up about 1.5%.
    Watch Tesla trade in real time here.
    Tesla is gaining around early Wednesday after the company announced it has secured a site in Shanghai, China, to build its first overseas...
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  • Tesla secures Shanghai site for $2 billion China Gigafactory

    Tesla secures Shanghai site for $2 billion China Gigafactory

    30 days ago - By Reuters

    Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday.
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  • Tesla buys plot of land for its first factory in China

    30 days ago - By Fast Company

    The factory will mark Tesla's first major foothold in China.
    The electric carmaker has bought an 864,885-square-meter plot in Shanghai's Lingang area, reports CNBC. The land will eventually house the company's first Chinese factory. Officials from Lingang announced the deal but declined to say for how much Tesla had purchased the land.
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  • Tesla secures land for Shanghai factory, first outside US

    30 days ago - By Chron

    BEIJING - Electric auto brand Tesla Inc. says it has secured land in Shanghai for its first factory outside the United States, pushing ahead despite mounting U.S.-Chinese trade tensions.
    Tesla said Wednesday it signed a "land transfer agreement" on a 210-acre site for the factory. It announced the plan for a China factory in July after the Chinese government said it would end restrictions on full foreign ownership of electric vehicle manufacturers.
    Those plans have gone ahead despite U.S.-Chinese tensions over Beijing's technology policy. Washington imposed penalty tariffs on Chinese goods...
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