Tesla may form JV with local firm

The US electric car maker Tesla Motors Inc is likely to form a joint venture with a Chinese automaker, the Economic Observer newspaper reported over the weekend.

East China's Anhui Province-based automaker JAC Motors might be the mainland partner of Tesla to establish the JV, said the report.

Tesla, which has been shaking up the global auto industry with its electric car offerings, reportedly started to accept reservation orders from mainland buyers for its Tesla S model in late August, aiming for a presence in the world's largest auto market.