FILE PHOTO: The Tesla logo is shown on a car, the electric car, the E-Rally, free wi 2019, in Bauska, Latvia, lithuania, July 23, 2019. REUTERS/Ints Kalnins/File Photo
SHANGHAI (Reuters) – U.S. electric car maker Tesla Inc, and registered as a construction company in China, the business registration, the filing shows, it is the last character of the Model, it is pushing ahead with its plans to be the world’s largest auto market.
California-based Tesla has opened a wholly owned construction unit in Shanghai with a registered capital of $1 million, according to China’s National Enterprise Information Publicity System.
The scope includes architectural design, construction and building materials sector, the document said. Please indicate the company’s legal representative Zhu Xiaotong, Tesla’s chief in China.
Tesla did not immediately respond to a Reuters request for comment.
While the purpose of the construction, the company is not clear, Tesla is in the construction of the car manufacturing facilities in Shanghai in January, with an estimated annual capacity of 250,000 vehicles for the first phase.
The $2 billion in the plant, its first in China, it was a great effort by the firm, as it faces increased competition from the domestic electric vehicle makers, and the profit was affected by an increase in the tariffs on imports from the united states.
Reporting Yilei Sun, and John Ruwitch in Shanghai; editing by Grant McCool