As per the information provided by the officials on Wednesday, Shanghai has been multiplying its expedite to erase the boundations laid regarding the foreign investment made in the Auto world.
The statement was made after the Renowned Auto brand Tesla, expressed its interest in the extending its branch in the City of Shanghai.
The Deputy director of the Shanghai Commission of Economy, Huang Ou, while addressing a press conference informed that even the government seeks deep interest in the offer of Tesla to extend its business in Shanghai. He also assured that the government was keen on adding better brands to its Auto market.
On Tuesday, Elon Musk, Chief Executive Officer of Tesla Inc, approached the Chinese officials and put forward its offer to estabilish a an extension of their business in Shanghai. This is the first tim e that the Tesla would step foorth to estabilish its auto plant at a place, which is not a part of the United States Of america. The Tesla intends to do so , since this step may probably double their manufacturings and would help their business at a rapid pace.
You must be informed that Tesla is an American multinational corporation, that was launched in the year 2003.