Tesla plans to build a plant in China to produce cars

American manufacturer of electric vehicles Tesla wants to build a plant in China to produce cars, which will manufacture up to 500 thousand cars a year, according to Bloomberg, citing informed sources. According to sources, an agreement is being prepared with the Shanghai authorities to build a plant in the free economic zone of Shanghai. In 2017, China, the world's largest market of cars and electric vehicles, accounted for about 17% of Tesla's revenue. The company's sales in China amounted to about 15 thousand cars. In the second quarter of 2018, Tesla produced a total of just over 40,000 cars. The construction of the plant in China will bring Tesla production closer to the end consumer and lower the price of its products.

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