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Chongqing district, Tesla officials meet over projects

Large  Small Date:2020-07-22  From:AutoUpdate
Note: BEIJING -- Tesla Inc. has met with officials from a district in the city of Chongqing in southwestern China to discuss "accelerating projects", the Liangjiang New Area said on Tuesday.
 BEIJING -- Tesla Inc. has met with officials from a district in the city of Chongqing in southwestern China to discuss "accelerating projects", the Liangjiang New Area said on Tuesday.
 
Municipal officials met Tesla Vice President Tao Lin to discuss "accelerating projects", Chongqing's Liangjiang New Area said in a Wechat social media post.
 
It said government official Duan Chenggang welcomed Tao's visit to "promote cooperation", without providing further details.
 
The official China Securities Journal newspaper, citing unidentified sources, said cooperation could involve the establishment of sales and maintenance centers rather than factories.
 
Tesla did not immediately respond to a request for comment.
 
The company opened a plant in Shanghai last year, its first outside the United States, with the backing of the city's government.
 
It is building Model 3 electric sedans there and has sold almost 30,000 units in the past three months.
 
Tesla is weighing a decision to build a $1.1 billion assembly plant in the United States which could create 20,000 jobs and has stoked competition between sites on the short list.
 
Some investors are betting Tesla could show a quarterly profit in its July 22 earnings report and potentially join the S&P 500 index, boosting its share price and making it the world's most valuable automaker, followed by Toyota and Volkswagen Group.
 
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