Tesla’s ties to Chinese government officials were a key factor in its production recovery from crippling Covid-related lockdowns, Nikkei Asia reported, as the US electric vehicle maker posted a record monthly output in June.
Its performance not only underscoring the global importance of its Shanghai “gigafactory” but also Beijing’s view that it is a “must reopen” business. In November, the carmaker announced a $180 million new investment in China.
Read the full report: Nikkei Asia
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