Tesla Gaining Grounds On Global Operation Plans After Securing Land In Shanghai

Electric vehicle maker Tesla announced that it has signed a memorandum of agreement on Wednesday to secure a 210-acre (860,000 square meter) plot of land in Shanghai, China. In the newly-purchased site will rise the company’s first Gigafactory outside of the United States, a clear signal that the EV maker is pushing ahead on its global development plans despite the looming effects and threats brought by the on-going China-US trade war.

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