Tesla Inc. purchased a land plot in the neighborhoods of Shanghai for building the first plant in China, the company informed, Interfax-Ukraine reports.
Tesla won the auction, bidding 973 mln yuans ($140 mln).
The plot area in Linan, 75 km towards the southeast of the center of Shanghai, is about 865 ths sq. m.
In August, Tesla reported that it intends to start production of electric cards in China in three years.
Gigafactory 3 was originally intended for producing about 250 ths electric cars and accumulator units per year. Over time, the production capacities will increase twice.