Tesla to Build Chinese Factory

Tesla CEO Elon Musk has announced his intentions to build a plant in China, which accounts for 15% of its global sales. China has been a leading country in the fight against climate change and EV’s are a large part of that fight, with sales of EV’s increasing by 65% in 2016 alone. Its a win win for both the country as well as Tesla, which seeks to avoid massive import taxes in one of its biggest markets.

Link: (https://www.forbes.com/sites/peterlyon/2017/06/29/tesla-takes-on-china-starts-talks-to-build-electric-car-plant/#7a7301c03a15)

By Nat Swyer