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Tesla China is mulling local factory

By Li Fusheng | China Daily | Updated: 2017-06-24 07:45

Electric carmaker says it is in talks with Shanghai, but no clarity yet on deal

Elon Musk's Tesla Inc - the highest valued car producer in the United States with a market capitalization of over $60 billion - never fails to surprise people, and this time it is the electric carmaker's localization plans for China.

A Tesla China senior spokeswoman said late Thursday night that events were moving into high gear.

Tesla China is mulling local factory

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