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China opens the door for Tesla: electric cars entered public procurement for the first time


Juillet, 09 2024
watermark Economic news

State-owned enterprises in the Shanghai Free Trade Zone (FTZ) have purchased a batch of Tesla Model Y electric vehicles for official use. This is the first time in China that Tesla electric vehicles have been included in the list of government purchases.


This step demonstrates Shanghai's commitment to creating equal conditions for domestic and foreign companies in the field of public procurement. He also highlights the government's efforts to improve the business environment and expand openness.


Tesla has become the only foreign automaker whose cars meet the automotive data security criteria set by the Chinese authorities.


The Chinese Government supports the participation of foreign enterprises in public procurement on an equal basis. It seeks to expand institutional openness and ensure fair competition.


A Tesla factory for the production of Megapack batteries is being built in Shanghai. This will be Tesla's first such plant outside the United States and the company's second plant in Shanghai after the Gigafactory electric vehicle manufacturing plant opened in 2019.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.