SHANGHAI, Feb 24 (Reuters) - "Tesla Inc (TSLA.O) plans to start work on a new plant in Shanghai as soon as next month as part of a plan to more than double production capacity in China to meet growing demand for its cars in the country and export markets, two people familiar with the matter told Reuters.?
?
"Once the new plant is fully operational, Tesla will have the capacity to produce up to 2 million cars per year at its expanded Shanghai facility, the company’s main export hub, according to the people, who asked not to be identified in discussing still-private plans.?
?
"The new plant will be located in the vicinity of its existing production base in Lingang, Pudong New Area.?
?
“Tesla declined to comment.”?
3 Likes