Tesla strikes a deal to open a factory in Shanghai, WSJ sources say

 In Biz & IT, cars, China, Tesla
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Tesla strikes a deal to open a factory in Shanghai, WSJ sources say

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Enlarge / This picture taken on March 17, 2015 shows a Tesla Model S car on display at a showroom in Shanghai. (credit: JOHANNES EISELE/AFP/Getty Images)

On Sunday morning the Wall Street Journal reported that Tesla has reached an agreement to open a factory in Shanghai.

The electric vehicle (EV) company has had grand ambitions for increasing its market share in China, and in June of this year Tesla said it was in talks with the Shanghai government about opening a manufacturing facility. At the time, the company said it hoped to reach a deal by year’s end.

Ars reached out to Tesla, and spokesperson Kady Cooper said the company wouldn’t make new comments on the WSJ article, but referred Ars to a statement Tesla made in June, which noted:

Read 5 remaining paragraphs | Comments

Electric car maker would likely still pay the nation’s 25 percent tariff.

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Tesla reportedly made deal to open a manufacturing facility in ShanghaiAsia, Automotive, China, shanghai, TC, Tesla, Transportation