Tesla sets up new energy R&D company in Beijing

Shanghai (Gasgoo)- Tesla recently registered a new energy research and development company in Beijing, as we learned from the National Enterprise Credit Information Publicity System website.
The new company was named Tesla (Beijing) New Energy R&D Co. Ltd. with a registered capital of 2 million dollars. The new company’s legal representative is Xiaotong Zhu, Tesla China general manager, and its shareholder is Tesla Motors (Hong Kong) Co. Ltd. Statistics reveal that the shareholder invested solely into 13 companies which are sales companies across China except the new company.
The information from the department website shows that the new company’s business covers the research and development of electric vehicles (EV) and EV’s auto parts, battery, energy storage device, photovoltaic product technology and information technology. The business scope also includes the transfer and permission of R&D achievements, technology service, technology consulting, technology supporting, the import and export of technology and goods.
Its business scope indicates Tesla puts great emphasis on technology research and development in China. Auto industry analysts said since the American electric vehicle producer has attached greater importance to China auto market, it is possible for the company to conduct local research and development work.
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