Tesla Begins Construction On Chinese Car Plant




/ 2 years ago

tesla

Tesla Start Work On Chinese Car Plant

For the first time since they started production, 2018 saw a largely positive year for the car manufacturer. Production was up and they even managed to actually turn a profit! One of the biggest problems the company has seen, however, (aside from Elon Musk’s social media faux pas) is the fact that a recent trade war with China has seen sales in the country nosedive.

It seems, however, that Tesla may have found a way around this. In a report via the BBC, Tesla has begun work on a new production factory in China.

Why This Is Good News!

At present, the current import tariffs have been the major factor in Tesla’s declining sales in the country. As such, opening a factory there will literally mean that they can avoid the charge because they’re not being imported. The facility will produce Model 3 and Model Y and will help the company compete further with existing Chinese manufacturers.

Tesla Begins Construction On Chinese Car Plant 1

Spend Money To Make Money

The factory will reportedly cost Tesla something in the region of $5BN to create. With them anticipating production to start before the end of the year, they should hopefully look to recoup that in the very near future. Particularly since, as above, the company can now look to avoid the excessively high tariff charges.

What do you think? Is this a smart decision by Tesla? – Let us know in the comments!


Topics: , , , , ,

Support eTeknix.com

By supporting eTeknix, you help us grow and continue to bring you the latest newsreviews, and competitions. Follow us on FacebookTwitter and Instagram to keep up with the latest technology news, reviews and more. Share your favourite articles, chat with the team and more. Also check out eTeknix YouTube, where you'll find our latest video reviews, event coverage and features in 4K!

Looking for more exciting features on the latest technology? Check out our What We Know So Far section or our Fun Reads for some interesting original features.

eTeknix Facebook eTeknix Twitter eTeknix Instagram eTeknix Instagram

Check out our Latest Video

  • Be Social With eTeknix

    Facebook Twitter YouTube Instagram Reddit RSS
  • Latest Video

  • Features

  • Poll

    Favourite form factor

    View Results

  • Archives


Send this to a friend