Tesla's electric car Gigafactory in Shanghai received its first comprehensive acceptance certificate on Monday, within three days of making an application, which sets a new inspection and approval timing record for the local government.
It has only been 10 months since the land grant contract for the factory was signed, which shows local authority's efforts to foster a better business environment in Shanghai, domestic news site thepaper.cn reported on Tuesday.
Tesla's new factory in China is located in Shanghai's Lingang zone, which is a new area that was just added to the Shanghai Free Trade Zone on Tuesday. The new area encompasses 119.5 square kilometers.
The Lingang government on July 11 set up a special group to hasten the inspection progress of the Gigafactory's construction projects, in order to meet its target of "finishing inspection when the construction is done," the report said.
Tesla updated on its official Weibo account on August 7, stating that the construction of its Shanghai factory was going smoothly. It has only been seven months since the workshop construction began, and the factory is expected to kick off production at the end of the year.
The Shanghai Municipal Government on August 13 announced 30 new measures to relax investment restrictions and provide facilities for transnational corporations to establish headquarters there, including removing the requirements for parent companies' paid-in registered capital and the number of their subsidiaries, as well as improving international education and medical services for foreign companies.
In the first four months this year, Shanghai's new foreign-invested projects, contractual foreign investment and real foreign investment grew by more than 20 percent year-on-year, according to the Xinhua News Agency.
Tesla noted on Weibo on Tuesday that Elon Musk, CEO of the company, will attend the World Artificial Intelligence Conference 2019 in Shanghai on August 29. Media reports said he plans to attend the completion ceremony of the company's Shanghai factory later this year.
