Tesla in contact with Shanghai to build plant: MOC

BEIJING, Oct. 29 — American automaker Tesla Inc. is communicating
with the Shanghai government about building a plant, Gao Feng, spokesperson
for the Ministry of Commerce (MOC), said Thursday.

Gao made the remarks at a regular press conference when asked to confirm
whether Tesla had gained approval to build its own factory instead of a
joint venture in China.The MOC spokesman did not provide further
information on the situation, but said that “the country always welcomes
foreign investment, especially in high-technology, energy-saving and
environment protection as well as strategic emerging industries.””Following
the 19th National Congress of the Communist Party of China, we will greatly
loosen market access, open wider, spare no effort to foster a law-based,
internationalized and convenient business environment, while taking
increased measures to protect the legitimate rights of foreign investors,”
Gao added.

On Monday, Tesla opened a massive 50-stall supercharger station in Shanghai
Pudong New Area, which it said is the company’s largest supercharger
station worldwide. Tesla’s electric charging network already covers more
than 170 cities in China. The company has built over 700 superchargers in
the country, and that number is expected to exceed 1,000 before 2018.
As the world’s largest car market, China is also the fastest-growing
market for new energy vehicles as the government looks to ease pressure on
its environment. – XINHUA