U.S. electric carmaker Tesla broke ground on its first overseas factory in Shanghai on January 7. Tesla CEO Elon Musk and Ning Jizhe, the deputy director of the National Development and Reform Commission expressed their views on the Chinese automobile market and policy. Musk said electric cars account for a small percentage of the total number of cars sold in China, so the opportunity in the Chinese market is still big. Ning stressed that China will implement the second round of foreign investment projects this year, which includes new-energy vehicles and batteries.

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