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Tesla Hikes Near 6% in Pre-Mkt, Reportedly Starts Mapping & Navigation Cooperation with Baidu
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Tesla (TSLA.US) shares hiked 5.8% to US$178.02 in pre-market. It is reported that Tesla (TSLA.US) will begin a mapping and navigation partnership with BIDU-SW (09888.HK), of which Tesla will use BIDU's lane-level map information as the basis for its full-self-driving (FSD) service in the Mainland, removing a key hurdle to FSD's entry into the Chinese market. According to Xinhua News Agency, Chinese Premier Li Qiang met with Tesla CEO Elon Musk yesterday afternoon (28 Apr). Li Qiang commented that foreign enterprises are important participants and contributors to the development of the Mainland, and that China's huge market will always be open to foreign enterprises. The Chinese side will continue to work hard on expanding market access and strengthening services and protection, so as to provide foreign enterprises with a more favourable business environment and more powerful integrated support. AAStocks Financial News |
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