Tesla plans unit in Shanghai
By Li Fusheng | China Daily | Updated: 2018-05-16 07:28
Move marks automaker's latest step toward first overseas carmaking plant
US electric carmaker Tesla Inc has registered a wholly owned subsidiary in Shanghai, marking another step toward setting up its first ever overseas carmaking plant in China.
The subsidiary, established on May 10, has registered capital of 100 million yuan ($15.73 million) and its sole shareholder is Tesla Motors HK Ltd, according to the National Enterprise Credit Information Publicity System.
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