Tesla to invest $188 million to expand Shanghai factory capacity – Beijing Daily By Reuters

© Reuters

SHANGHAI (Reuters) – Tesla (NASDAQ:) plans to invest up to 1.2 billion yuan ($187.91 million) to expand manufacturing capacity at its Shanghai factory in a venture that may final from December to April subsequent yr, the state-backed Beijing Daily newspaper reported.

The newspaper attributed the knowledge to paperwork Tesla filed with the Shanghai authorities.

($1 = 6.3860 )

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