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American Tesla, specializing in the production of electric vehicles, will receive a loan of 3.5 billion yuan for the construction of a plant in Shanghai. According to finversia.ru with reference to the message of the CNBC TV channel, the relevant agreement signed by Tesla will contribute to the completion of the construction of the assembly shop of the plant in May, as reported by the Shanghai authorities. For the Chinese automotive industry, the plant will be the first with 100 percent foreign capital. Tesla will build a factory outside the United States for the first time. According to the plans announced earlier by the head of the company Elon Musk, the assembly of electric cars Model 3 at the new plant should begin by 2020. The annual production of this model of electric vehicles should gradually be increased to 500 thousand cars per year.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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