Industrial land priced at only one-tenth of the market value.
Over 10 billion RMB, long-term low-interest loan limits with annual rates as low as 3.9%...
The favorable conditions granted to the Shanghai Super Factory, which make domestic peers envious, do not come without a cost.
In addition to the condition of localizing components, Tesla also needs to continue investing 14 billion RMB in the Super Factory over the next five years.
And starting from 2023, pay taxes to Shanghai at least 2.23 billion RMB annually...
Originally, this was a win-win agreement.
Tesla drove the local employment rate and high-end new energy vehicle industry chain in Shanghai.
At the same time, it also introduced a super catalyst to stimulate the technological advancement of domestic new energy companies.
For Tesla, they could use Shanghai as a window to access the vast consumer market of Country Hua.
