RE: Tesla Build New Battery Factory in Shanghai10 Apr 2023 12:13
Think people miss point completely and why I say use head.
Tesla new factory is addition to Gigafactory Shanghai open in 2019. This "currently hosts the final assembly of the Tesla Model 3 and Tesla model Y. The factory's eventually ramping up to 250,000 electric cars per year".
Point is Tesla increase investment in China for electric energy sector because cheaper unit cost even though has some factory elsewhere because this is also strategic & pr.
Free market economic advantage of China raw material & manufacture cost will destroy global competition.
When investor understand this they know Govt use investor money with some grant to bankroll strategy for less reliance but does not make sense if you look at what actually happening.
See how many manufacture already invest in China manufacture & how cheap battery import from China destroy domestic market ;)
Be happy but wise :)