Welcome to the next issue of China x Cleantech, our August 2019 edition. For our full China × Cleantech history, stroll over to the “Future Trends” section of our website. For the July edition, click here.
In response to the ongoing trade war with the US, China has decided to double the size of the Free Trade Zone south of Shanghai to attract more foreign investment.
The tariffs imposed by the Trump administration are encouraging Tesla to get its Gigafactory 3 in Shanghai built sooner so it can start manufacturing cars in China. The company says it costs up to 60% more to build a car in the US than in China.
Just weeks after China amended its policies regarding foreign companies manufacturing automobiles, Tesla has created a new subsidiary based in the Shanghai Free Trade Zone.
A new report throws another factor into the Tesla factory in China mix. If Tesla builds cars there, must it equip them with batteries made in China, too?
