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Tesla

$9 Billion Deal to Bring Tesla Factory to China

Phenny Lynn Palec   | Jun 27, 2016 12:23 AM EDT

New reports claim that American automotive and energy storage company Tesla Motors has agreed to a non-binding agreement with the Chinese state-owned company Jinqiao Group. It is believed that Tesla will give the rights to Jinqiao Group to construct a production plant in the Chinese city of Shanghai.

Tesla Motors

Tesla Negotiating with Jinqiao Group to set up a Manufacturing base in Shanghai city: Sources

Girish Shetti   | Jun 22, 2016 07:06 AM EDT

American electric car maker Tesla Motors is planning to invest close to $9 billion to set up a manufacturing base in Shanghai city, a person familiar with the matter said.

Tesla Motors Inc. is reported to have signed a non-binding agreement with Jinqiao Group for setting up a production base in Shanghai.

Tesla Close to Setting up $9 Billion Production Base in China

Rina S.   | Jun 21, 2016 03:16 PM EDT

Tesla Motors Inc. is reported to have signed a non-binding agreement with Jinqiao Group to set up a production base in Shanghai. According to a Bloomberg report, the investment is worth $9 billion. Both Tesla and Jinqiao Group, a Shanghai-based state-owned company, will invest $4.5 billion (30 billion yuan) each. Jinqiao's share is likely to be in the form of land.

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