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Tesla to break ground on Shanghai plant as trade war lingers

International Business
Mon, 07 Jan 2019
AFP


Shanghai - Tesla boss Elon Musk said the electric car-maker would break ground Monday on a Shanghai factory that will allow it to sell to Chinese consumers and avoid tariffs from the China-US trade war.

The firm in July unveiled plans for what is Musk's biggest overseas move yet, saying the factory's eventual annual production of 500,000 vehicles would dramatically increase its output and allow more direct access to the world's biggest electric-vehicle (EV) market.

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