CHINA > US based Tesla is set to build a massive car factory in Shanghai, China with $5 billion investment

tesla logo Signing agreements with Chinese authorities, US based Tesla’s Chief Executive Elon Musk is set to open a China car factory in the city of Shanghai. Giving access to the biggest car market in the world, the China factory is expected to have an annual capacity of 500,000 cars. Having a production unit is particularly beneficial in China as tariff in More …

USA > Tencent Holdings acquires 5% stake in Tesla for $1.78Bn

800px-Tencent_Logo.svg China based Tencent Holdings has been able to buy 5 percent stake in U.S. based electric car maker –  Tesla for $1.78 billion. The investment by Tencent is expected to help Tesla for vehicle production and to sell in the Chinese market.   About Tesla Tesla is an American automaker, energy storage company, and solar panel manufacturer. Tesla designs, develops, manufactures, and sells electric vehicles and energy More …