Tesla is preparing to begin assembling electric cars in China

NEW YORK, June 20. /Offset. TASS Alexey Kachalin/. The American company Tesla, led by Elon Musk, plans to seek permission to begin to assemble electric cars in China. Musk is not without reason believes that the domestic market of China is very promising and connects with it long-term plans, said Monday the business news Agency Bloomberg.

According to him, Tesla is finalizing negotiations on this matter with the authorities of Shanghai, officially, the agreement may be announced as early as this week. All the conditions agreed upon, but the date of announcement of the transaction may change, clarify the sources of the Agency. The draft Treaty provides for the establishment of a joint venture (JV) with the participation of Tesla and at least one Chinese company. How to pay attention to Bloomberg, the deal will allow Americans to sell their electric cars in China without paying tariffs of 25%. While the production of a Tesla in China costs more than in the US.

Last year the income of this American company from trade in China have tripled, exceeding $1 billion in Revenue by the end of 2016 amounted to $7 billion, in 2015 this figure only slightly exceeded $4 billion.

Bloomberg asked for confirmation of his information to the headquarters of Tesla in Palo Alto (California). However, the response has not been received.

In Beijing, called the production of cars that use environmentally friendly sources of energy, a strategic sector of the industry. The Chinese authorities have planned to increase sales of cars with hybrid or fully electric engine 10 times in the next ten years. In 2015 China on this indicator surpassed the United States.

Company Mask has a single Assembly plant, which is located in Fremont (California). Tesla bought the plant from a Japanese Toyota in 2010 for $42 million. There is established the Assembly of two models: the Model S sedan and crossover Model X. In April, Musk announced plans in September to present a truck of their own production. This is intended to significantly reduce the cost of transportation and also make the drivers less dangerous.

In September, Tesla also intends to start serial production of the new Model 3 electric car. In corporate reporting, published in February, it was noted that to produce the Model 3 in the test mode scheduled to begin in July. Volume production is expected to increase gradually: first to 5 thousand cars a week, and in 2018 – to 10 thousand a week.

The company was founded in 2003. Originally it was called Tesla Motors, however, at the beginning of this year became known as just TeslŠ°. First, the company specialized only in the production of electric vehicles, but later became involved in the development of solar and other energy-storage systems.

In November of last year, Tesla closed a deal to acquire energy company SolarCity for $2.6 billion Tesla Representatives have indicated that after the merger, the company intends to release the energy storage and solar panels of a new type.