Tesla reaffirms goal for historic Chinese factory, sending suppliers’ shares soaring
23 October 2017 - 08:52
Beijing — Tesla suppliers jumped in Asian trading after the maker of electric cars reaffirmed its commitment to finalise plans for manufacturing in China by year-end. That could make it the first foreign car maker with wholly owned production in the world’s biggest car market. Parts maker Ningbo Xusheng Auto Technology led gains among Tesla suppliers on Monday, surging by the 10% daily limit in Shanghai trading. Tianjin Motor Dies rose as much as 7.3% in Shenzhen. Beijing Zhong Ke San Huan High-Tech and metals supplier Dongguan Eontec also rose, while Cheng Uei Precision Industry advanced in Taipei.
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