Tesla is likely expanding into the Chinese market. After rumors have been flying about the car manufacturer potentially building a Gigafactory in China, they’ve made an official announcement confirming those intentions. It’s one of three potential new Gigafactories that Tesla is hoping to reveal by the end of the year.
While the electric car company hasn’t reached an official agreement with Shanghai’s government, they are in the works to put up a building in that location. There have been reports of a deal recently, but those were debunked after Tesla sent out a to Electrek on their intentions, which reads in part as follows.
"As we have said before, we expect to more clearly define our plans for production in China by the end of the year. Tesla is deeply committed to the Chinese market, and we continue to evaluate potential manufacturing sites around the globe to serve the local markets. While we expect most of our production to remain in the US, we do need to establish local factories to ensure affordability for the markets they serve."