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US electric automaker Tesla is planning to set up a second plant to expand its production capacities in China's Shanghai, the Zhongguo Zhengquan Bao newspaper (China Securities Journal) reported on Wednesday, citing sources.
US electric carmaker Tesla has resumed production at its plant in China's Shanghai after the local authorities had issued a guideline on relaunching business operation following a massive COVID-19 outbreak in the city.
The Chinese state media warned about potential financial instability due to Ant Group’s rapid upward surge which might have acted as a precursor for this shocking move.