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Tesla Rival Plans to Build New U.S. Electric Vehicle Plant

·3 min read
Tesla Rival Plans to Build New U.S. Electric Vehicle Plant
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Rivals of electric vehicle leader Tesla are planning to ramp up production despite worldwide shortages of semiconductors and supply chain, logistics and production disruptions. Covid-19 lockdowns have impacted production in China for Tesla and its rivals such as Volkswagen, Toyota, Nio and Li Auto. Tesla in April delivered just over 1,500 vehicles from its Shanghai Gigafactory, according to the China Passenger Car Association.