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Exclusive: Tesla, smarting from trade war, seeks bids for China Gigafactory construction

Reuters  |  SHANGHAI 

By Yilei Sun and Adam JourdanSHANGHAI (Reuters) - Tesla Inc has opened a tender process to build its Shanghai Gigafactory and at least one contractor has started buying materials, according to sources and documents reviewed by Reuters, the clearest indication that construction is imminent.The details, previously unreported, reveal that state-owned Shanghai Construction Group Co Ltd is taking part in the bidding while a unit of China Minmetals Corp Ltd is preparing materials for the plant's foundations.The $2 billion factory, Tesla's first in China, is a major bet for the U.S. electric vehicle ...

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First Published: Thu, December 06 2018. 12:29 IST