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July 11, 2018

Tesla will build car factory in Shanghai

  • Local authorities say they want to help Tesla make Shanghai a center for electric research and production.
  • By JOE McDONALD
    AP Business Writer

    BEIJING — Electric car producer Tesla will build its first factory outside the United States in Shanghai under an agreement signed Tuesday, becoming the first wholly foreign-owned automaker in China.

    Tesla Inc.'s announcement comes amid mounting U.S.-Chinese tension over technology and follows Beijing's April promise to end restrictions that required foreign automakers to work through local partners.


     
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