News Snapshot:
Cars Tesla puts brake on Shanghai land buy as U.S.-China tensions weigh: Sources With 25% tariffs on imported Chinese electric vehicles imposed on top of existing levies under former President Donald Trump still in place, Tesla now intends to limit the proportion of China output in its global production Reuters May 11, 2021, 13:42 IST Tesla faces intensifying competition in China with domestic players such as Nio Inc, which is considering making mass market products under another marque. US electric car maker Tesla Inc has halted plans to buy land to expand its Shanghai plant and make it a global...
