|12th July 2018, 15:31||#16|
Join Date: Mar 2011
Thanked: 621 Times
This is also a strategic investment.China is the largest source for rare earth metals used in lithium ion batteries. And they have also been buying mines around the world. Makes sense to get into a strategic partnership with people controlling the resources you need .
|7th January 2019, 09:38||#17|
Join Date: Apr 2016
Thanked: 2,470 Times
Re: Tesla to open new factory in China
Tesla is breaking ground for its Shanghai factory today. Target is to start initial production by the end of 2019 and volume production next year.