Elon Musk doubles down on China with Tesla plant in Shanghai: report
Tesla will break ground next month on a new factory in Shanghai — solidifying Elon Musk’s commitment to double production of electric vehicles in China, according to a report.
The new factory in China’s financial hub will enable Tesla to produce up to 2 million units annually, putting the electric vehicle maker on a par with legacy car manufacturers who have also set up operations in the Asian country, Reuters reports.
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