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Tesla Expects Big China Charging Station Investment

U.S. electric carmaker Tesla Motors Inc expects to invest "hundreds of millions of dollars" building charging outlets in China, which could become its biggest global market next year, billionaire co-founder Elon Musk said.Palo Alto, California-based Tesla plans to compete with rivals such as BMW and Daimler AG's Mercedes-Benz for a share of China's emerging green vehicle market, which the government wants to develop fast.Musk said Tesla hopes to cooperate with China's two major power network operators - State Grid Corporation of China and China Southern Power Grid - to build a sufficient infrastructure for Tesla drivers, although charging stations could also be built independently if needed."My instructions to the team are to spend money as fast as they can spend it without wasting it," CEO Musk told reporters on Tuesday at a ceremony in Beijing marking the first China delivery of its Model S sedan."In dollar terms I think over time we'll probably end up investing hundreds of millions ...

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