Tesla's China expansion hits speed bump amid industry overcapacity

  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Tesla's ambitious plan to boost auto production in Shanghai, its most valuable plant globally, hinges on China's approvals to develop 70 hectares (172 acres) of former farmland that is currently overgrown with wildflowers.

A view of a Tesla sign at its factory in Shanghai, China June 12, 2023. REUTERS/Aly SongTesla has aimed to produce 450,000 cars a year at new siteambitious plan to boost auto production in Shanghai, its most valuable plant globally, hinges on China's approvals to develop 70 hectares of former farmland that is currently overgrown with wildflowers.

"You could argue that as Tesla, I've got new products, I need to have a new factory to build them in," he said. "But viewed from the China government's point of view, all they see is a market that's oversupplied." After meetings with senior Chinese officials including Vice Premier Ding Xuexiang, Musk told a small group of Tesla staff that he saw "positive progress" in discussions about the expansion without elaborating, said the person, who was not authorised to speak publicly.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 2. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

China’s BYD overtakes Tesla in the EV marketChinese electric vehicle maker BYD, which has just released an $11,000 hatchback, has ambitious international plans. But can it crack the American market?
مصدر: washingtonpost - 🏆 95. / 72 اقرأ أكثر »