“The Chinese authorities confirmed the talks between Tesla and Shanghai to build the plant

Beijing. 26 Oct. INTERFAX – the Ministry of Commerce of China has confirmed that the American electric car manufacturer Tesla Inc. talks with the administration of Shanghai about building their own businesses.

Earlier this week, the newspaper the Wall Street Journal reported, citing its sources, that Tesla intends to build its own plant in the free economic zone of Shanghai, instead of working with a Chinese partner.

The representative of the Ministry Gao Feng confirmed the fact of negotiations, but did not report new parts, reports “Xinhua”.

“China always welcomes foreign investment, especially in the areas of high technology, energy saving, environmental protection and in new strategic industries”, – he said.

According to him, China will greatly ease the market access, to open it wider, “sparing no effort for the development of legal, internationalized and comfortable business environment, also taking more active measures to protect legitimate rights of foreign investors,” said Gao Feng.

Chinese electric-vehicle market is the largest in the world and is expected to continue to grow, given the ambitious goals of the Chinese authorities.

The Chinese government expects that by 2025 the country will sell about 7 million electric vehicles a year. For comparison, last year sales of such cars amounted to 351 thousand

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