Tesla reportedly halts car production at Chinese plant

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Tesla has halted production this week at its factory near Shanghai, Bloomberg reported.  Factory workers were supposed to get back from a five-day Labor Day break on Wednesday, but were told to increase the holiday and return as soon as Saturday, Bloomberg reported, mentioning unnamed sources.  The company informed Bloomberg that its Shanghai factory is closed due […]

Shanghai to help Tesla restart production despite coronavirus spread

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Tesla’s factory in China’s financial hub of Shanghai will restart production on February 10 with assistance to help it cope with a growing epidemic of coronavirus, a Shanghai government official stated on Saturday. Many factories throughout China closed in late January for the Lunar New Year holiday that was initially due to end on January […]

Tesla states it plans to open China design and research center

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U.S. electric automaker Tesla prepares to open a design and research center in China to make “Chinese-style” vehicles, the company stated in a recruitment notice on its official WeChat account. Wednesday’s notice sought to recruit designers and other workers to help meet the goal, and called for applications by February 1, but did not mention […]

Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory

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Tesla Inc and a group of China banks have accepted a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker’s Shanghai auto plant, three sources knowledgeable with the matter stated, part of which will be used to roll over a present loan. China Construction Bank (CCB), Agricultural Bank of China (AgBank), Industrial […]

Tesla’s Chinese-built Model 3 cars would receive state subsidies

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Tesla Inc stated on Friday that its Chinese-built Model 3 cars would get state subsidies, a move that will significantly help the electric automaker’s push into the world’s biggest auto market. China’s industry ministry had previously stated Tesla’s Model 3 cars, being constructed at its $2 billion factory located in Shanghai, were on a list […]