Tesla signs $9 billion agreement to build factory in China

Tesla signs $9 billion agreement to build factory in China

Tesla Motors has reportedly signed a non-binding agreement with Chinese government-owned company Jinqiao Group to construct a Tesla production plant in the city of Shanghai. All told, the investment could cost $9 billion, a person close to the matter told Bloomberg. This report comes six months after company CEO Elon Musk revealed that Tesla intended to choose a production facility …