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China’s car market energized by opening up efforts

China’s car market energized by opening up efforts

In the Tesla’s new gigafactory in Shanghai, hammer apparatus, excavators, dumper lorries, and dozens of electric workers are busy with the construction of a plant that is capable of producing 500,000 cars each year upon completion. As the first wholly foreign-owned new-energy car subsidiary in China, the super factory received 50 billion yuan ($7.45 billion) […]

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