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This stock could gain should Tesla make further inroads into China

PC Lee
PC Lee7/6/2017 10:43 AM GMT+08  • 2 min read
This stock could gain should Tesla make further inroads into China
SINGAPORE (July 6): OCBC says Memtech International stands as a direct beneficiary should electric vehicle manufacturer Tesla make further inroads into the China market.
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SINGAPORE (July 6): OCBC says Memtech International stands as a direct beneficiary should electric vehicle manufacturer Tesla make further inroads into the China market.

Tesla recently announced that it is in exploratory talks with the Shanghai municipal government in relation to the possible establishment of a Chinese manufacturing plant.

In a Thursday report, analyst Joseph Ng believes this would allow Tesla to be more competitive in the electric vehicle space, given the possible elimination of a 25% import tariff.

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