Tesla buys land for its first Chinese factory
Wednesday, October 17, 2018
Car Advice,
Car Comparisons,
Car News,
Car Price,
Car Reviews,
Car Specs,
Car Video,
Showroom
Edit
Overnight Tesla announced on the QQ social media platform it had bought 860,000 square metres of land from the Shanghai government for a new "Gigafactory". According to land transaction records dug up by the Yuan Talks website, the plot of land cost 973 million yuan ($199 million). From earlier reports, the new factory has an estimated cost of around US$2 billion, which Tesla intends to raise in Asian debt markets.
0 Response to "Tesla buys land for its first Chinese factory"
Post a Comment