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Following the announcement by the Chinese government in April that foreign new energy vehicle manufacturers will be allowed to fully own factories in China as early as 2018, TSLA is currently accelerating its plan to build factories in China. Musk said that the company's new factory will produce batteries and carry out car assembly.

According to a reporter from Reference News Network, in addition to TSLA, Panasonic has also entered the Chinese car battery market. On March 13th of this year, Panasonic's new energy dedicated square lithium battery factory located in Dalian, China has officially started production and supply. This battery giant launched a new battery manufacturing equipment last year and announced that it will deploy it at the Dalian factory to mass produce and supply car lithium batteries. This factory is the first production base for automotive battery packs established by Panasonic in China.

The reporter learned that LG Chemical of South Korea has established a power lithium battery factory in Nanjing, and another important global supplier, Samsung SDI, has also established a factory and put it into operation in Xi'an. German automaker Daimler has previously established an automobile manufacturing plant in China and plans to develop power lithium batteries.

Foreign monks are planning to enter the Chinese market to grab water, and foreign battery companies in China are bound to start a big battle. Faced with the same policies and environment, their layout in China will be reshuffled. Faced with the surging foreign investment, Chinese companies are neither afraid nor idle.

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