Tesla buys 210-acre site for factory in Shanghai

Enlarge / A Tesla car is charging at a Tesla electric vehicle charging station in front of Baolong building on July 15, 2018 in Beijing, China. (credit: Photo by VCG / Getty Images)
On Wednesday, Tesla announced that it had purchased a 210-acre site in Shanghai, China, where it will begin building a second battery and auto factory.
According to the Wall Street Journal, Robin Ren, Tesla’s vice president of worldwide sales, attended a signing ceremony in Shanghai today, stating, “Securing this site in Shanghai, Tesla’s first Gigafactory outside of the United States, is an important milestone for what will be our next advanced, sustainably developed manufacturing site.'
A Shanghai government website tracking major land purchases in the city detailed a purchase in the eastern Lingang district for about $140 million, which likely reflects Tesla's latest acquisition.
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