Tesla plans to invest as much as 1.2 billion yuan ($188 million) in its Shanghai plant to upgrade equipment as the factory gets closer to exhausting its current capacity, according to people familiar with the matter.
Tesla plans to invest as much as 1.2 billion yuan ($188 million) in its Shanghai plant to upgrade equipment as the factory gets closer to exhausting its current capacity, according to people familiar with the matter.
Auto executives and analysts said Trump's tariff relief measures will not be enough to prevent price increases and supply chain woes.