Blog Report: Tesla Close to a Deal to Produce Cars in China

Tesla is nearing an agreement to produce cars in China, according to a report from Bloomberg.

The automaker would build facilities in the Lingang development zone of Shanghai, the report said. A local production effort would allow Tesla to avoid a 25 percent tax on vehicles, significantly lowering the price for consumers and helping Tesla expand on revenue that tripled to more than $1 billion last year. Key to the effort is securing a local partner and it’s unclear at this time who that would be.

According to the report, an announcement could come as soon as this week.

 

[bkp_duke]

I would be worried about technology theft . . . . but Tesla already opens all their patents to anyone for use, so probably not the worst idea out there.

Wonder if batteries would be produced locally as well, or imported.

 

[azred]

Fingers crossed. Then Musk can tell the Michigan's and Texas's to stuff it. I'd hate to see Tesla every become just another car company with a stealership network. Buying my car at Tesla was actually fun.