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Tesla to Select Car, Battery Factory Sites in China This Year
Tesla Inc. CEO Elon Musk tells investors the company will select locations in China later this year for factories to make batteries and the company’s next electric car, the Model Y small crossover.
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Tesla Inc. CEO Elon Musk tells investors the company will select locations in China later this year for factories to make batteries and the company’s next electric car, the Model Y small crossover.
Tesla is reviving efforts to set up local production in China now that the central government will allow foreign companies to own their own factories in the country. The carmaker has been leery of forming a technology-swapping joint venture there.
Musk said earlier that Tesla wants to produce the Model Y and its just-introduced Model 3 sedan in China. He has indicated the company is in no rush to build its costlier Model S sedan or Model X crossover vehicles there.
The company sold about 15,000 of the latter two models in China in 2017.
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