Tesla shares (TSLA) bolstered by Elon Musk’s China Gigafactory 3 agreement

Tesla shares (NASDAQ:TSLA) are showing some recovery after last week’s dive, trading up 1.81% at $324.28 per share amidst reports stating that Elon Musk has signed an agreement with Chinese officials to build Gigafactory 3 in Shanghai. The upcoming factory, which will be capable of producing up to 500,000 vehicles per year, is expected to […]

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Seat coming to China with VW gearing up for growth

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Volkswagen’s Spanish subsidiary Seat will enter China by hooking onto the JAC Volkswagen joint venture. Together the three plan to establish a R&D centre for electric vehicles. Development is to culminate in a dedicated electric car platform for China and beyond in 2021. The new MoU signed by Seat, JAC and Volkswagen specifies a R&D […]

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Breaking: Tesla signs Gigafactory deal in Shanghai

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Elon Musk has been busy in Shanghai today as he inked the deal with the city to build a new battery production facility. The construction of Gigafactory 3 is to “begin in the near future,” says Tesla so that they may start production of both electric cars and batteries two years from now. Tesla’s China […]

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Elon Musk signs agreement for Tesla factory in China with 500k vehicle capacity

Elon Musk has signed a preliminary agreement with the Shanghai government to build a Tesla factory in China. According to reports, the upcoming China factory will be capable of manufacturing 500,000 vehicles per year, rivaling the output of Tesla’s main electric car plant in Fremont, CA. Reports of Musk’s trip to China emerged yesterday after […]

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BMW & Brilliance expanding China venture BBA

BMW and its partner in China, Brilliance, agreed to expand their BMW Brilliance Automotive (BBA) joint venture. BBA aims to increase capacity at both local facilities in order to produce 520,000 BMW a year from 2019. Moreover, the BMW iX3 may hit markets outside the People’s Republic. BMW and Brilliance signed their agreement early this […]

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