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Tesla said close to agreeing on plan for China production
Representatives for Tesla at the company's headquarters in Palo Alto, California, didn't immediately respond to requests for comment. Setting up local production is key for chief executive officer Elon Musk to continue growing in China, where Tesla's revenue tripled to more than $1 billion last year. Government support helped China surpass the US in 2015 to become the world's biggest market for the non-emission autos. Next month, Tesla is slated to begin rolling out the Model 3, a more affordable and smaller electric sedan.
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