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Exclusive-Tesla plans new factory in Shanghai for more than double China’s: sources

News Snapshot:

SHANGHAI (Reuters) – Tesla Inc plans to start painting at a new plant in Shanghai next month as part of a plan to more than double production capacity in China to meet growing demand for its cars in the country and export markets. two of the other people familiar with the matter told Reuters. Once the new plant is fully operational, Tesla will have the capacity to produce up to 2 million cars a year at its expanded Shanghai plant, the company’s main export hub, according to people who asked to be known in still-personal talks. The new plant will…

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