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Tiffany Yuan

Speeding up the nationalization of Sla's $145 million land bid

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Speeding up the nationalization of Sla's $145 million land bid

 Tesla is fighting for a piece of land worth $145 million (about 1 billion yuan) for its Shanghai plant. Tesla is understood to be the only bidder for the land, and the Shanghai government could conclude a deal with Tesla as early as this month. When the bidding is successful, Tesla will build a plant on the land with an annual capacity of 500,000 cars.

It is understood that the Shanghai plant expects to invest about $2 billion to make its annual capacity of 250 thousand cars.

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