An Open City: Working Miracles, Embracing Future
On the front page of Jiefang Daily on July 11, 2018, there were two pieces of news: one, Tesla's first overseas Gigafactory settled in Shanghai; the other, Shanghai announced 100 action plans to expand its opening-up.
The two events happening on the same day is somehow coincidental, but they do have clear inherent connection: Openness has been the most distinctive characteristic of Shanghai, and Tesla's arrival in Shanghai is the latest achievement of the city's expanding opening-up.
Tesla is the first wholly foreign-owned vehicle manufacturing project in China. Starting from this, China has gradually lifted the restrictions on foreign shareholding in the auto industry. On January 1, 2022, the policy of a "50% cap on foreign ownership" in China's auto industry, which has been in place for nearly 30 years, completely retired from the history.
