China has quickly become a hotbed for the development of electric vehicles. Thanks to massive subsidies by the Chinese government for companies that produce and sell electric vehicles in the country, China has quickly become one of the largest markets for electric vehicles making it a natural spot for Tesla to build their third Gigafactory, or Gigafactory 3.
Over the past few weeks, it appears that Tesla CEO, Elon Musk, has been busy working with the Chinese government to sign a deal for Tesla’s new Gigafactory. In a recent announcement, Gigafactory 3 will be located in Lingang New City in Shanghai’s Pudong District. Tesla expects to break ground as early [...]