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Tesla to Build Factory in China

Tesla is planning a factory in China with a capacity for 500,000 vehicles a year, its biggest step beyond the U.S. so far, Bloomberg reported Tuesday.  Tesla is due to sign a memorandum of understanding with local entities in Shanghai, the people said, asking not to be identified as the information isn’t public. Bloomberg reported earlier that Chief Executive Officer Elon Musk would be in the city for an event with the government on Tuesday.

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