News Snapshot:
Beijing (Sputnik)-US electric vehicle maker Tesla plans to set up a second plant in Shanghai, China to expand production capacity, China Chung Wenbao Newspaper (China Securities Journal) said on Wednesday. I quoted a source and reported it. The newspaper reported that Tesla plans to build a second factory near the first factory in the Ringan industrial area. The new facility will enable cargiants to produce 450,000 vehicles annually and model 3 and model Y electric vehicles, the report said. In 2021, the Tesla plant in Shanghai produced more than 484,000 cars, 235% more than in 2020. In the first quarter...
