News Snapshot:
Tesla Inc is investing 1.2 billion yuan ($187.91 million) to optimize the production line at its Shanghai factory as China is rising as a major global export hub for the US electric carmaker. The project is expected to start in December and finish in April 2022, according to Tesla's filing to a Shanghai government platform for local companies' environmental information disclosures. Tesla did not specify the production capacity changes at the plant that currently makes up to 500,000 vehicles annually, but said it will add another 4,000 workers after the project is finished, which will increase the number of the...
