The deal is estimated at 140 million US dollars, and the plant will still receive about $2 billion.
Tesla Motors management and the Shanghai government signed an agreement on the purchase of land for the construction of the newest enterprise, where electric cars and batteries will be made - Gigafactory 3.
Reuters writes that the company will be built on an area of 95 hectares near Shanghai. The novelty will strengthen the position of the American company in the electric car market, and the cost of cars will decrease. The production capacity of Gigafbrick 3 will reach about 500,000 cars annually.
In the period January-September, 721,000 electric machines were sold in China, which is 81% better than the results of 2016.