The world’s most valuable automaker, Tesla, is building a new factory in Shanghai to more than double production capacity in China Electric vehicle giant Tesla will reportedly double its production capacity in China amid growing demand. Reuters, citing two people familiar with the matter, reported that Tesla plans to start work on a new factory in Shanghai as early as next month. This will more than double production capacity in China to meet growing domestic and export market demand for its cars. The new plant will be built close to its existing manufacturing base in Lingang, Pudong New Area. Tesla’s…