American electric car manufacturer Tesla has agreed to pay annually to China for 323 million dollars in taxes. These conditions are spelled out in the contract for the construction of a corporate plant on the outskirts of Shanghai, according to Bloomberg. It is assumed that by 2023 Tesla will come in plus and will begin to pay income tax. If this happens, it will return the leased land.
In addition, the American company will spend about two billion dollars for the resettlement of girafarig for five years. The purpose of the construction of the first overseas plant of Tesla is that, in particular, to eliminate the need to pay import duties for electric vehicles, as well as lower prices in the market. It is expected that after the launch there will be produced 500 thousand cars a year.
The company representatives expressed the hope that they will be able to meet the requirements for taxes and capital expenditures, even if the production car will be lower than planned.
Despite record car sales in the second quarter of 2019, the company recorded a loss of more than 408 million dollars. Tesla’s revenue rose 59 percent compared with the second quarter of 2018 and amounted to 6.35 billion dollars.
Video, photo All from Russia.