Tesla's big tax bill: China to collect $320m from Shanghai plant

Elon Musk must return Gigafactory site to city if unable to pay starting in 2023

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Tesla will produce 150,000 cars in the first trial production phase at its Shanghai factory. © Reuters

MARRIAN ZHOU, Nikkei staff writer

NEW YORK -- Tesla is required to contribute roughly $323 million in annual Chinese taxes starting at the end of 2023 as part of the company's lease agreement with the Shanghai municipal government.

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