Tesla reg­is­ters Shang­hai con­struc­tion unit

The Korea Times - - WORLD BUSINESS -

SHANG­HAI (Reuters) — U.S. elec­tric ve­hi­cle maker Tesla has reg­is­tered a con­struc­tion com­pany in China, a busi­ness reg­is­tra­tion fil­ing shows, the lat­est sign Tesla is push­ing ahead with its plans in the world’s big­gest auto mar­ket.

Cal­i­for­nia-based Tesla has opened a wholly-owned con­struc­tion unit in Shang­hai with reg­is­tered cap­i­tal of $1 mil­lion, ac­cord­ing to China’s Na­tional En­ter­prise In­for­ma­tion Pub­lic­ity Sys­tem.

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