Welcome to China, Tesla. Now Time to Cough Up
Welcome to China, Elon. Let’s talk about how this is going to work.
Welcome to China, Elon. Let’s talk about how this is going to work.
The structure of the electric-car market means that it needs a local partner.
Tesla Inc., the biggest-selling electric carmaker in the U.S., is in danger of being relegated to an expensive niche in China because Elon Musk can't clinch a deal to open a factory there.
Electric-car maker Tesla Inc. has reached an agreement to set up its own manufacturing facility in Shanghai, according to people briefed on the plan, a move that could help the company gain traction in China’s fast-growing EV market.
China unveiled a comprehensive set of emission rules and delayed a credit-score program tied to the production of electric cars, giving automakers more time to prepare for the phasing out of fossil-fuel powered vehicles.
The move could pave the way for Tesla Inc. to manufacture vehicles in China.