On March 1, a land transfer notice was posted on the official website of the Shanghai Land Market. It shows that the land covers an area of 461,142.40 square meters, and is located in the Lingang Heavy Equipment Industrial Zone of the Free Trade Zone.

Noteworthily, the permitted industry type for this land is new energy vehicle manufacturing. The investment intensity is not less than 14,925 yuan per square meter. It is said that this land has a great probability of being used for the expansion of the Tesla factory.