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Tesla to build new factory in China

Tesla has allegedly entered a deal with the Chinese government, allowing the company to construct a factory in Shanghai's free-trade zone.

Photo: Tesla/PR

Electric car manufacturer Tesla has entered a new agreement with China's government to construct a plant in Shanghai's free-trade zone, reports the Wall Street Journal.

The deal between Tesla and the Chinese government is the first of its kind for a foreign auto manufacturer, and according to sources with knowledge of the matter, the agreement could reduce production costs for Tesla.

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