Tesla signs deal to set up manufacturing factory in China

Posted on:23 Oct 2017 09:47:58
Tesla signs deal to set up manufacturing factory in China
23 October 2017 Current Affairs: Electric carmaker Tesla signed a deal with the Shanghai government to set up its own manufacturing facility in the city's free-trade zone in China. 

The agreement could enable Tesla to slash production costs while incurring China's 25% import tarif.

China recently worked to encourage the development of a robust market for EVs.

 

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