Tesla’s third Gigafactory, one that will provide it with a way around Chinese tariffs on U.S. goods, is being built “at an incredible speed,” writes Electrek’s Fred Lambert. The Gigafactory 3 is located in Shanghai and it will be the first EV factory in China to be wholly owned by a foreign company. Getting it ready is crucial for Tesla as it seeks to expand into the world’s largest car market in general and the EV market in particular amid the continuing trade rout between Beijing and Washington. It is also Tesla’s first production facility outside the United States. A wholly-owned production facility in the world’s top EV market will help the company compete on a more level playing field with a growing number of local EV manufacturers with an established presence. As a U.S.-made vehicle, Tesla’s cars in China have been subject to steep import tariffs, and sales […]