Tesla has gotten the green light to sell its model wise sports utility vehicle in China.

The world's most valuable automaker has been ramping up manufacturing capacity at its $2 billion Shanghai Gigafactory.

It already makes and sells the model three sedan on the mainland 13,000 cars in October alone.

The Gigafactory is central to Tesla's global growth strategy.

China is not only the world's largest auto market, it also has a government eager to boost electric vehicles.

As part of its war on pollution, Beijing offers hefty subsidies for electric vehicles.

It's also been expanding its nationwide network of charging points.

Tesla's big China push is not just about vehicles.

It's also about making more car parts locally.

Last week, Reuters learned that the California based automaker plans to invest $6.4 million in a new Shanghai factory to make Chargers.

Led by billionaire CEO Elon Musk, Tesla has more than weathered the economic downturn brought on by the coronavirus pandemic.

Its stock is up more than 400% in 2020.

Investor enthusiasm has only gotten stronger since November 16th, when news broke that the company plans to join the S and P 500 index in December.