U.S. carmaker Tesla Inc. will open its first overseas plant in Shanghai, according to an agreement signed between Tesla and Shanghai municipal government on Tuesday.

 

美国特斯拉汽车周二与上海市政府签署一份协议，根据该协议，特斯拉将在上海建造首座海外工厂。

 

The factory, with a planned annual capacity of 500,000 electric cars, will be located in the Lingang Area, along with an electric vehicle R&D center, according to the agreement.

 

According to the Shanghai government, this will be the largest foreign-invested manufacturing project in the city's history, although detailed¹ investment was not revealed.

 

The Shanghai government said it would give full support to the construction of the plant and improve the business environment for foreign-owned enterprises.

 

Tesla previously² announced that it would bring its models S, X and 3 to the China International Import Expo in Shanghai in November.

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