Tesla to invest $188 million to expand Shanghai factory capacity - Beijing Daily

26 Nov 2021

Tesla to invest $188 million to expand Shanghai factory capacity - Beijing Daily

SHANGHAI Tesla (NASDAQ:TSLA) plans to invest up to 1.2 billion yuan ($187.91 million) to expand production capacity at its Shanghai factory in a project that will last from December to April next year, the state-backed Beijing Daily newspaper reported. The newspaper attributed the information to documents Tesla filed with the Shanghai government. ($1 = 6.3860 Chinese yuan)

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