TESLA EXPLORES LOCAL MANUFACTURING IN CHINA

If this year’s Shanghai Motor show was any indication, EV cars in China are going to be in huge demand.

As Tesla looks to expand its brand, it will need to cut costs, and that could involve opening up local manufacturing in countries like China.

Tesla Model S Hero Shot

In one of the most promising moves for the car company as it seeks to expand globally, new reports suggest that Tesla is working alongside the Chinese government in Shanghai to explore local manufacturing.

This would allow Elon Musk’s car firm to decrease manufacturing, labor, and shipping costs, and hopefully, help the firm achieve a profit (something it is yet to do).

Tesla Model 3 Panoramic Sunroof Hero Shot

Musk hopes to have the plans to build out of the USA by the end of 2017; with majority of production still happening in the U.S. Tesla readily admits that it must begin looking toward local factories “to ensure affordability for the markets (it) serves.”

Images courtesy of Tesla

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