The company had earlier said it chose a location near Berlin for a new design centre and plant to make batteries, powertrains and vehicles, offering a major boost to the German capital
The car, to be sold under the 'Hengchi' brand, will debut in the first half of next year, with mass production starting in 2021, the company said in a statement
Porsche and Mercedes-Benz are also joining Formula E for the 2019-2020 season to help generate buzz for the new all-electric models they have coming out
Owning and driving a Tesla car will have to wait till the government reduces taxes on imports.
Tesla's stock price plunged more than 25 per cent over the past month