
Tesla inks US $556 million deal for Shanghai grid battery plant, its first in China
Tesla has secured a 4 billion-yuan (US $556 million) agreement with the Shanghai municipal government and finance partner China Kangfu International Leasing to build what will become the country’s largest grid-side battery-storage facility, advancing the U.S. company’s push into the world’s biggest clean-energy market despite escalating trade frictions between Washington and Beijing.reuters.comen.people.cn A flagship project…