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Tesla receives permission to produce in China



FILE PHOTO: Workers are seen in front of a planned entrance of the US electric car manufacturer Teslas Gigafactory, which is under construction in Shanghai, China, on September 28, 201

9 China's Ministry of Industry announced on Thursday that it had a manufacturer of electric vehicles issued a certificate that it needs to start production in the country.

The list was published by the Ministry of Industry and Information Technology.

This means that "Tesla gives the go-ahead for production in China," said Yale Zhang, head of Shanghai-based consulting firm Automotive Foresight. Tesla could start production anytime, he said.

Tesla did not immediately respond to an emailed request for a comment. The $ 2 billion plant, which is being built in the eastern Chinese city of Shanghai, is the first overseas car factory.

Reuters earlier this month reported that Tesla plans to begin production at its Chinese plant this month. It is unclear when the production targets will be reached by the end of the year due to uncertainties regarding orders, labor and suppliers.

Tesla intends to produce at least 1,000 Model 3 per week from the Shanghai plant by the end of this year to increase sales in the world's largest auto market and avoid higher import tariffs on US cars.

The plant, China's first wholly foreign-owned auto plant, also reflects Beijing's wider shift toward opening its auto market.

The Shanghai authorities have offered Tesla help to accelerate the construction, and China has ruled out Tesla models on 30 August from a 10% vehicle sales tax.

Reporting by Brenda Goh and Yilei Sun; Editing by Larry King

Our Standards: The Thomson Reuters Trust Principles.

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