Tuesday June 18, 2019

Tesla’s First Factory Outside of U.S. Breaks Ground In China

By having a factory in China, Tesla will not have to worry about consumers there facing higher prices on cars imported from the United States.

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Tesla, car insurance
A sales staff chats with a customer at a Tesla store near a poster announcing orders of the Model 3 electric cars in Beijing, China, Monday, Jan. 7, 2019. VOA

Tesla broke ground Monday on a new factory for its electric cars in China, the first of its factories to be located outside the United States.

Chief Executive Elon Musk appeared at a ceremony alongside local officials on the outskirts of Shanghai to mark the start of the project. He said the goal is to finish initial construction by summer and start production by the end of the year.

Tesla, board
Tesla also said it is setting up a committee on the board to oversee compliance with the SEC agreement. Pixabay

Tesla will build its Model 3 vehicles at the site and says it hopes to eventually have a production capacity of 500,000 vehicles per year. The factory is wholly owned by Tesla, a departure from usual Chinese policy for foreign businesses.

The new factory comes as the United States and China negotiate trade issues that have led each side to impose higher tariffs on the other’s goods, including the automotive sector.

Also Read: After India, Elon Musk Criticizes Singapore

By having a factory in China, Tesla will not have to worry about consumers there facing higher prices on cars imported from the United States. (VOA)

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China May Restrict Tech Access in Spiraling US Trade Dispute

The system will build a strong firewall to strengthen the nation's ability to innovate

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China, Technology, US
People try out Huawei smartphone models on display at an electronic store in Beijing, China, May 20, 2019. VOA

China is creating a system to protect its technology, according to state media, as the U.S. restricts the access of Chinese companies to American technology in a spiraling trade dispute.

The People’s Daily newspaper said Sunday that the system will build a strong firewall to strengthen the nation’s ability to innovate and to accelerate the development of key technologies.

“China … will never allow certain countries to use China’s technology to contain China’s development and suppress Chinese enterprises,”the main paper of the ruling Communist Party said, without directly referring to the United States.

No details have been released about what China is calling a national technological security management list. The plan was announced Saturday evening in a brief three-paragraph dispatch by the official Xinhua News Agency.

China, Technology, US

China is creating a system to protect its technology. Pixabay

The aim is to forestall and defuse national security risks more effectively, Xinhua said, adding that detailed measures would be unveiled in the near future.

The initiative follows U.S. moves to restrict sales to Huawei Technologies and other Chinese tech firms on national security grounds.

The U.S. Commerce Department last month added Huawei to its list of entities that are engaged in activities contrary to U.S. national security or foreign policy interests.

As such, any sale of U.S. technology to Huawei will require Commerce Department approval.

Also Read- Sleep Disturbances Associated with Mental Health Problems Among Natural Disaster Survivors

China responded by saying its Commerce Ministry would develop its own list of foreign entities that it regards as “unreliable.” (VOA)