Shanghai — US electric carmaker Tesla has halted plans to buy land to expand its Shanghai plant and make it a global export hub, people familiar with the matter said, due to uncertainty created by US-China tensions.
In March, Tesla refrained from bidding on a plot of land across the road from the plant as it no longer aimed to boost China production capacity, at least for now, three of the people said, declining to be named as the discussions were private.The Shanghai city government, a supporter in Tesla’s establishment of a wholly-owned factory in China — the first and only foreign passenger car plant not required to form a joint venture — did not respond to a request for comment.
Tesla still has land, designed for production but now used for parking, at its Shanghai site. One of the people said Tesla could expand its capacity beyond 500,000 on its existing site. Another said Tesla may acquire more land for more car production lines in the future.
Source: Energy Industry News (energyindustrynews.net)
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