Tesla had said in June that it was in talks with the Shanghai government and that it would detail its China manufacturing plans by the end of the year. Photo: ReutersShanghai: Tesla has reached an agreement with Shanghai authorities that would make it the first foreign automaker to build its own plant in China, putting it in the driver’s seat in the world’s biggest electric-vehicle market, the Wall Street Journal reported. AFP was not immediately able to obtain comment from Tesla or the Shanghai government. Tesla had said in June that it was in talks with the Shanghai government and that it would detail its China manufacturing plans by the end of the year. The Wall Street Journal said any cars built by Tesla in the free-trade zone would still incur a 25% import tariff.

Source: Mint October 23, 2017 05:37 UTC