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Tesla’s proposed Chinese factory would crank out 500,000 cars a year (updated)
That didn't take long: Days after Tesla raised prices to offset import tariffs in China, the company has announced it has reached an agreement with the government in Shanghai to produce vehicles in the region. According to Bloomberg, it'll rival production of Tesla's sole factory in the US, with capacity to build 500,000 cars per year. It apparently won't be the only plant revealed in 2018, as the company teased that details for a European production facility would be discussed later this year.
