Shanghai, June 23, ZXZC - On the evening of June 22nd, A-share Company Shanghai Lingang Holdings Ltd announced that at present, the company has not contacted with Tesla nor cooperated with Tesla in the company's factory construction plan and no agreement has been signed.

For this problem, Tesla released the official explanation on the same day : "in order to better serve the China market, Tesla is exploring the possibility of establishing a Chinese manufacturing plant with the Shanghai municipal government. Based on the previous communication, by the end of this year, the localization plan will be more clear. Tesla has been committed to cultivating China market. At the same time, in order to better serve the market all over the world, we are constantly assessing the potential factory location in the global area. Although we expect that most of the production will be completed in the United States, we need to set up factories overseas to ensure more local consumers can afford our products."

In addition, the foreign media has also made relevant reports. Following is the news reported by Reuters, which is consistent with Tesla.

(Reuters) - Tesla Inc (TSLA.O) is exploring the possibility of establishing a Chinese manufacturing plant with the Shanghai municipal government, the U.S. electric carmaker said on Thursday in a statement. Tesla has said it wants to build electric cars in China to avoid a 25-percent tariff on imported vehicles. In the statement, it said, "While we expect most of our production to remain in the U.S., we need to establish local factories to ensure affordability for the markets they serve." Tesla said it expects to "more clearly define" its China production plans by year end.

Next, whether Tesla will settle down in Shanghai or cooperating with a company, Chinese automobile newspaper will continue to report related news.

Attaching: the signing photos exposed in Internet.