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Electric cars in China

Tesla secures land for Shanghai factory with $140m investment

Company to lease 210-acre site in Pudong for 50 years

Tesla's Gigafactory in the U.S. state of Nevada. The automaker plans a similar plant in Shanghai.   © Reuters

SHANGHAI -- Electric vehicle manufacturer Tesla signed a 970 million yuan ($140 million) deal Wednesday with Shanghai city authorities to lease land for its first assembly plant outside the U.S.

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