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Tesla has announced that Robyn Denholm of Australia's Telstra will become its new board chair.

Tesla will spend 16 billion yuan to complete the first phase of the factory and make 250,000 electric vehicles per year, with the ultimate production capacity doubling that number. By the end of this year, the new plant will start producing electric cars for Chinese and overseas consumers.

That led to the rapid expansion of the battery segment that grew 324 percent in 2016 and 78.6 percent in 2017, according to industry data.

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Teobaldo Arredondo, a local ranch owner who lives two hours away from the town of Quininde, described the Quininde-Las Golondrinas Highway as a "dream come true."

Television journalists are seen outside the premises of the Supreme Court in New Delhi, India, Jan 22, 2020. [Photo/Agencies]

Tesla Inc will start partial production in China in the second half of next year, the Shanghai municipal government said on Wednesday, as the US electric vehicle maker advanced its push in the world's largest auto market.

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Telecom operator considering equity participation, M&As over next five years

Tesla sold 130,000 vehicles in 2020, and the sales figure is forecast to reach 280,000 vehicles in 2021, said the news outlet, citing Cui Dongshu, secretary-general of the China Passenger Car Association.

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Tesla CEO Elon Musk will participate in the event, and tech guru companies like Alibaba, Tencent and Microsoft will be strategic partners of the conference.

Tencent, the Shenzhen-based gaming giant and owner of social media platform WeChat, is also hiring new staff and investing heavily overseas.