Shanghai to speed up efforts to cancel foreign investment curbs in…

FILE PHOTO: A woman sits in a Tesla Model 3 car during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo

SHANGHAI (Reuters) – Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla said it would build an auto plant in the city.

  • FILE PHOTO: A woman sits in a Tesla Model 3 car during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo
  • Huang Ou, the deputy director of Shanghai Commission of Economy and Information Technology, told reporters at a press conference that the government was also still working on how it could support the Tesla project.

    Tesla Inc Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new and wholly-owned auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker’s global manufacturing.

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