Tesla Inc CEO Elon Musk and Shanghai's Mayor Ying Yong attend an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly Song
SHANGHAI - U.S. electric vehicle maker Tesla Inc on Tuesday officially started work on a Model Y program at its $2 billion Shanghai factory, in a ceremony attended by its billionaire CEO Elon Musk and senior Shanghai government officials. The event comes one year after the Silicon Valley carmaker started building its first foreign car plant in the world’s biggest auto market.
It is also set to begin delivering Model 3 vehicles built at the Chinese factory to the public on Tuesday. It handed over 15 cars to its employees on Dec. 30.
Tesla’s technology is now in the hands of every Chinese competitor.
No doubt a rush to meet the (early) Chinese New Year push. If I was in China I would be reluctant to take delivery of the first produced models coming off the line.
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