News Snapshot:
Tesla says it will turn Shanghai into “the world’s largest vehicle export hub” with a new factory capable of producing 450,000 electric vehicles per year, next to the existing plant. Gigafactory Shanghai is a massive success for Tesla and enabled the automaker to grow at an impressive rate during the pandemic while the rest of the auto industry slowed down. Last year, CEO Elon Musk disclosed that Gigafactory Shanghai has now surpassed Fremont Factory in production capacity, and Tesla has made the Chinese factory its new main export hub . The factory looked unstoppable, until it was shut down for...
