Tesla May Be Only Big Winner in U.S. Batteries Bound for China
Tesla Inc. may be the single largest beneficiary of a provision tucked into the trade dealbetween the U.S. and China.
As part of the accord signed Wednesday, China will import more energy storage systems and parts from the U.S. this year and next. Tesla’s Gigafactory in Nevada is by far the largest battery plant in the U.S., representing 42% of nationwide production, according to data from BloombergNEF. No other manufacturer in America comes close to its capacity.
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