Electric car maker Tesla says it has secured land in Shanghai for its first factory outside the US, pushing ahead despite mounting US-Chinese trade tensions. Electric car maker Tesla says it has secured land in Shanghai for its first factory outside the US, pushing ahead despite mounting US-Chinese trade tensions. Tesla secures land in China for first factory outside USTesla said it had signed a “land transfer agreement” on a 210-acre site for the factory. California-based Tesla joins global firms including General Motors, Volkswagen and Nissan in pouring billions of dollars into manufacturing electric vehicles in China. Foreign brands baulked at bringing electric vehicle technology into China to avoid having to share it with potential future competitors.

Source: Irish Independent October 17, 2018 09:44 UTC