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在线翻译:
szdaily -> Business
Tesla said to build its own plant in Shanghai free trade zone
    2017-October-24  08:53    Shenzhen Daily

U.S. electric car maker Tesla Inc. reaffirmed Sunday it is in talks with the Shanghai government to set up a factory in the city and expects to agree on a plan by the end of the year, but declined to comment on a report that a deal has been reached.

The Wall Street Journal reported Sunday that Tesla has reached an agreement with Shanghai authorities to build a wholly-owned manufacturing facility in the city’s free trade zone, which would make it the first foreign automaker to build its own plant in China.

China’s government has considered allowing foreign automakers to set up wholly-owned factories in free trade zones in part to encourage more production of electric and hybrid vehicles — which the government calls “new energy vehicles” — to meet ambitious sales quotas.

Tesla would still have to pay a 25 percent duty on cars built in the Shanghai plant, but it could lower its production costs.

Tesla on Sunday pointed to a statement it made in June that the company “is working with the Shanghai Municipal Government to explore the possibility of establishing a manufacturing facility in the region to serve the Chinese market. As we’ve said before, we expect to more clearly define our plans for production in China by the end of the year.”

A Tesla spokesperson in the United States declined to comment further beyond referring to the June statement.

Shenzhen-based Internet company Tencent Holdings Ltd. has a 5 percent stake in Tesla and is seen as a potential ally for Tesla’s efforts to enter the Chinese market.

Tesla chief executive Elon Musk has said the company eventually will need vehicle and battery manufacturing centers in Europe and Asia.

China’s electric vehicle market is already the world’s largest and is expected to continue growing fast, especially since the government plans to require that all automakers’ sales include a certain percentage of electric vehicles from 2019.(SD-Agencies)

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