Tesla Shanghai Plant to Start Partial Operations in Next Yearโs Second Half โ Yicai Global
What happened: American car manufacturer Tesla will begin partial operations at its Shanghai plantโits first factory outside the USโin the second half of 2019. Leveling at the site is already complete, and the plant is set to move on to the next phase of construction. The factory will integrate research and development, manufacturing, and sales.
Why itโs important: The plant is significant for Tesla and Shanghai. According to Mayor Ying Yong, it is the largest foreign investment-funded industrial project in the cityโs history. In line with the countryโs โMade in China 2025โ plan, the city is moving towards advanced manufacturing and emerging industries. As part of the broad strategy, China aims to promote the countryโs high-tech development by focusing on the manufacture of chips, robotics, new energy vehicles, and aviation equipment, among others.
