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Foreign media reported that American EV manufacturer TSLA is about to establish a factory in China to manufacture car batteries, which is not the first foreign company to target the Chinese electric vehicle market. Faced with fierce foreign manufacturers, Chinese companies are making great strides forward, and the development of domestically produced pure electric vehicles has given rise to a huge demand for automotive batteries. Many automotive manufacturers and capital have entered the development of lithium batteries. The battery battle in China, the world's largest electric vehicle market, is about to enter a white-hot phase.

TSLA will reshuffle the layout of foreign investment in China by building factories in China

According to Bloomberg Businessweek's website on May 5th, TSLA currently has a car assembly plant in California and a battery factory in neighboring Nevada. However, TSLA has recently decided to relocate the production sites of electric vehicle batteries and electric vehicles such as ModelY to China, the world's top electric vehicle market, and plans to announce the factory address in China as early as the third quarter of this year.

As for ModelY, it may be the next quarter, but not later than the fourth quarter at the latest. TSLA CEO Musk recently said on a conference call about company revenue. We will soon announce the site selection results for TSLA's Chinese super factory.

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