Chinese suppliers to invest in Mexican state where Tesla planning factory – state officials

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MEXICO CITY (Reuters) – Chinese suppliers for Tesla (NASDAQ:TSLA) will invest in the northern Mexican state of Nuevo Leon where the automaker is planning to build a new factory, state officials said on Wednesday.

The planned investments include $700 million from Ningbo Tuopu Group and $260 million from Hesai Technology, a state official said.