Shanghai Jinqiao Export Processing Zone Development Co said its
parent company Jinqiao Group had not signed an agreement of any
kind with the U.S. automaker, in response to a Bloomberg report
that the two sides had signed a memorandum of understanding.
A Tesla spokesman declined to comment on the Bloomberg report
earlier on Tuesday
Tesla currently sells only imported cars in China, making them
subject to stiff taxes, but Chief Executive Elon Musk has
previously said it was negotiating with the Chinese government
on potentially producing cars domestically.
The spokesman confirmed that Tesla was talking to various
parties about local production but declined to elaborate.
(Reporting by Hong Kong newsroom and Jake Spring; Editing by
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