- Nineteen prisoners use cutlery to break out of cells at Winchester prison
- France wants progress in Ukraine before Russia returns to G7
- Italy president begins talks to seek way out of government crisis
- Italian PM expected to resign as political chaos deepens
- Russia says US cruise missile test ‘regrettable’
- Kremlin - No date set for Normandy talks on Ukraine despite Macron meeting
- Egypt court hands out 6 death sentences on terror charges
- Putin says Russian nuclear explosion poses no threat
- Russian panel eyes alleged foreign interference in protests
- Gran Canaria wildfire triggers evacuation of thousands of people
- PM Johnson calls on Germany and France to compromise on Brexit
- Sudan's ex-president Bashir arrives at corruption trial
TEHRAN, Mar 06 - Tesla’s upcoming vehicle assembly facility in Shanghai is expected to be completed in May this year, a Shanghai city government official said on Wednesday.
TEHRAN, Young Journalists Club (YJC) -Chen Mingbo made the comments on the sidelines of an annual parliamentary meeting in Beijing, adding that part of the facility’s production line would be put into operation by the end of the year.
Chen, who heads the city’s economic and information technology commission, did not provide any further details.
The U.S. electric carmaker broke ground on the Shanghai factory in January and its CEO Elon Musk has said the firm aims to finish initial construction this summer and start production of the Model 3 toward the end of the year.
A full-fledged auto assembly factory can take about two years to build but the Shanghai government has thrown its support behind the Tesla project, which would be China’s first wholly foreign-owned car plant and a reflection of the government’s broader shift to open up its car market.
Tesla has been pushing forward its plans for the 500,000-vehicle-capacity plant after it secured a site in October, hiring staff, starting procurement for building materials and setting up a local financial leasing company.
Producing cars locally is also likely to help Tesla minimize the impact of the Sino-U.S. trade war, which has forced the car maker to lower prices of its U.S.-made cars in China - which has becoming increasingly important as the company seeks to offset softening demand in the United States.
Source: Reuters
Your Comment