The four-wheel drive model will feature a 95 kWh battery pack, which can power the model for 505 km on one charge.
The fourth census, set to thoroughly gauge China's latest economic conditions, will help China deepen its supply-side structural reforms and facilitate high-quality development. [Photo/VCG]
The gigafactory, with a total investment of 50 billion yuan (.25 billion), will have a production capacity of 500,000 units in two to three years. The first phase of the factory, with an initial investment of 16 billion yuan, targets 250,000 units of Model 3 and Model Y electric vehicles annually. The CKD (completely knock down) plant will enable production as soon as possible, said the report.
The government of the US state of Wisconsin and Foxconn inked the final contract for the plant worth billion in November. According to the contract, Foxconn has to hire 13,000 local workers.
The four-wheel drive model will feature a 95 kWh battery pack, which can power the model for 505 km on one charge.
The fund will invest in the Chinese onshore capital market, leveraging the firm's expertise in combining technology and big data to seek investment returns, the company said in a statement.
南昌打眼治近视
The fourth plenary session of the 18th CPC Central Committee in 2014 adopted a decision to comprehensively advance the rule of law.
The government released a document on Monday which allows funds raised by local government special bonds to be equity for infrastructure projects.
The government planned to set the cornerstone for a universal employment insurance that benefits all the employed, including low-wage, non-permanent workers who are presently not covered to sign up for the insurance as well as the self-employed contract workers, platform workers, freelancers and artists.
The framework serves as a template for the tax-writing committees in the Congress. The House Committee on Ways and Means and the Senate Committee on Finance will develop legislation on the basis of the framework.