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Tesla to build wholly-owned Shanghai plant
October 31 , 2017
2435 days
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- Tesla has reached an agreement with Shanghai authorities that would make it the first foreign automaker to build its own plant in China, taking control of the world's biggest electric-vehicle market.
- The Silicon Valley electric carmaker's wholly-owned manufacturing facility would be built in Shanghai's free-trade zone.
- China's electric-vehicle market is already the world's largest and is planning to ban fossil-fuel burning cars following decisions by France and Britain to outlaw the sale of such vehicles from 2040 to limit emissions.
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