With this, Tesla not only hopes to bring down manufacturing costs, but also gain other material advantages when it comes to selling its electric vehicles in the country.
China is an important market, and has huge potential for something as novel as electric cars.
The website of Shanghai Land Market, however, shows the original starting price of the land for sale was 973 million yuan (about 141 million US dollars).
Tesla on Wednesday said it has scooped up a 210-acre plot of land in China to build its next Gigafactory - digging itself deeper into the middle of the tariff battle between President Trump and China.
Tesla Inc (NASDAQ:TSLA) previously announced plans for a factory in China have taken a major leap forward. Building the cars locally will allow Tesla to sell its vehicles for a lower price and better compete with rival European automakers, such as BMW.
These are the first Canadians to buy legal weed
In Prince Edward Island, total sales on the first day was more than $152,000 after tax, almost $21,000 of which was online. Corey Stone and a friend got to one of the 12 stores that opened in Quebec at 3:45 a.m.to be among the first to buy pot.
In its recent Q3 financial filing, Tesla lamented ongoing "trade tensions" that have resulted in an import tariff rate of 40 percent on Tesla vehicles versus 15 percent for other imported cars. Beijing responded by slapping an additional 25 percent tariff on cars imported from the USA, raising the total tariff to 40 percent.
The announcement was made on Wednesday, when Tesla executives, leaders of the Shanghai Economics and Information Committee, Shanghai Lingang Area Development Administration and the Shanghai Lingang Group, all came together for an agreement signing ceremony. The Chinese government is aiming for NEVs to make up 20 percent of all vehicle sales by 2025, in an effort to curb pollution in the country.
The Gigafactory will eventually have the annual capacity to produce 500,000 vehicles within the first decade of operation.
The factory will help tap China's rapidly growing market for so-called new-energy vehicles (NEVs), a category comprising electric battery cars and plug-in electric hybrid vehicles, even as China's wider auto market cools. For the first nine months of this year, new-energy vehicle sales across mainland China jumped by 81.1 per cent from a year ago to 721,000 units.
Authorities have identified the woman and plan to interview her about what happened, according to KPRC's report. The woman then leaves the child standing in front of the door and runs back to her vehicle and drives away.
United players believe many ex-stars lack the courage to criticise Mourinho so are taking it out on the players themselves. Shaw revealed his delight, saying: "Since I came to United, it's been a whirlwind four years that have passed so quickly".
As Passan notes, however, the Astros aren't the only organization that has been accused of this manner of sign-stealing efforts. Passan writes that the league has not punished the Astros for any illegal behavior following the investigation.
Less than one in one million people in the USA get AFM each year, but the cases are spiking over the last few weeks. CDC is not releasing a list of the 22 states with confirmed and suspected cases because of privacy issues.
Monday a "caravan" of as many as 3,000 Hondurans marched across the border into Guatemala after a standoff with police . As the day wore on, the crowd splintered into smaller groups as some walked faster and others fell behind.
A spokeswoman for the immigration authority said she was released from the holding facility on Thursday evening. In March 2017, Israel's parliament passed a law banning the entry of supporters of the BDS movement.
Performing at The Super Bowl Halftime Show is a great honor and opportunity that few artists would say no to. But, Rihanna is standing in solidarity with Kaepernick, who has an ongoing legal case against the NFL.
Consulate in Hong Kong, which also has its own chief of mission who does not report to the U.S. ambassador in Beijing. In December, President Trump upended decades of USA foreign policy by recognizing Jerusalem as Israel's capital .
Again - Threatens to Send Military to US-Mexico Border
The president took to Twitter Thursday, saying if Mexico fails to intervene then the US military will close the border completely. That's a tiny portion of the nearly 1,350 miles (2,170 kilometers) they'd have to travel to reach the closest US border.
Davis, Mirotic lead Pelicans past Rockets
They are starting off the regular season with a national television game against the New Orleans Pelicans at 7:00 tonight on ESPN. If this proves the same this season, then Nikola Mirotic or Julius Randle must look to be aggressive on offense down low.
Cardi B Says Her Baby 'Broke My Vagina'
I don't want to show my baby out to the public right now. "I've always been interested in politics", Cardi replied. I just want to protect her. "I could do this over and over again", she added.