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Tesla sets up super factory in Shanghai

By Wu Yan | chinadaily.com.cn | Updated: 2018-07-10 22:09
A Tesla Model X sits on display at the 2018 Beijing International Auto Show in Beijing on May 1, 2018. [Photo/VCG]

US-based EV industry leader Tesla sets up a super factory in Shanghai on Tuesday, marking the city's biggest ever foreign-funded manufacturing project.

According to the cooperation memorandum signed by Shanghai government and the company, the plant plans to produce 500,000 electric vehicles a year.

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