Tesla Inc on Tuesday signed a memorandum of understanding with the Shanghai government that includes plans to build a plant in the Chinese city with an annual capacity of 500,000 cars, the Shanghai government said.
The Shanghai government made the announcement on its official WeChat account which showed a picture of Tesla Chief Executive Elon Musk shaking hands with Shanghai Mayor Ying Yong. (Reporting by Brenda Goh. Editing by Jane Merriman)