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Tesla Plans China Plant With 500,000 Vehicle Capacity

July 10, 2018

Tesla Inc. has reached a preliminary agreement with the Shanghai government to build a factory that’ll rival production from its lone U.S. assembly plant, as Elon Musk takes his biggest step yet to expand overseas.

The electric-car maker’s planned capacity for the factory is 500,000 vehicles a year, the Shanghai government said in statement. Bloomberg reported earlier that Musk, Tesla’s chief executive officer, would be in the city for an event with the government on Tuesday. A Tesla representative in China didn’t immediately respond to a request for comment.

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