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Musk Reflects on Building a Factory in China: Initially Required a Joint Venture, Successfully Secured Wholly-Owned Status by Arguing Tesla Was a 'Baby' Not Ready for Marriage
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Author：小编
On November 7, the 33rd Baron Investment Conference took place in New York. Tesla CEO Elon Musk engaged in a conversation with Ron Baron, founder of Baron Capital, discussing the behind-the-scenes story of negotiations for Tesla to build a gigafactory in Shanghai. Musk recalled that the talks spanned several years, with the Chinese side insisting that Tesla must establish the factory through a joint venture with a Chinese partner. Under the conventions at the time, foreign automakers building factories in China were required to form joint ventures, and the foreign shareholding ratio typically did not exceed 50%.
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