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Tesla to announce location of China Gigafactory soon, says Elon Musk

UPDATE: Tesla confirmed in late May at its shareholder meeting that it will build its Gigafactory including birth vehicle and battery production in Shanghai.  PALO ALTO, California – The mystery surrounding Tesla’s planned China factory got a little clearer on May 2, when CEO Elon Musk said the whereabouts of that factory will be announced soon. Musk made the comments while responding to a question from CNBC reporter Phil Lebeau regarding a second manufacturing facility

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Stay calm and carry on: 50:50 JV equity rule relaxation coming at the right time

Tesla CEO Elon Musk must be on cloud nine right now. The comments from Chinese President Xi Jinping on April 10 at the Boao Forum for Asia 2018 Annual Conference that China would reduce limits on foreign investment in the auto industry (see Bye bye 50:50 JV equity rule? Chinese President

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The race is on for the lucrative NEV credits

The 2016 Corporate Average Fuel Consumption (CAFC) and New Energy Vehicle (NEV) credits for China’s passenger vehicle manufacturers and importers jointly released by the Ministry of Industry and Information Technology (MIIT), Ministry of Commerce, General Administration of Customs and State Administration of Quality Supervision, Inspection and Quarantine on March 9

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The hype on truck electrification and the China factor

There have been rising discussion and debate on the electrification of trucks, in particular heavy-duty trucks, ever since Tesla unveiled its Semi last year. This was evident again at this year’s “Two Sessions” that ended yesterday, which had a number of executives in the heavy-duty vehicle sector proposing a wide variety

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Ready or not, the “WOFE” is coming for car manufacturing in China

Get ready for a new era where foreign carmakers can build wholly-owned manufacturing plants in China without having to form a joint venture with a Chinese manufacturing partner, as required by the existing Automotive Industry Development Policy (AIDP). There is a catch, of course. With Ministry of Commerce (MOFCOM) Spokesman

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Lithium race: CATL aims to beat Tesla’s Gigafactory by 2020

Tesla received over 400,000 reservations for the Model 3, an electric car that no customer has seen; and the Model 3 will rely on lower battery costs from its Gigafactory. The mass production of Tesla’s lower cost Model 3 has awakened traditional carmakers to the necessity of electrifying their powertrains,

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