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Tesla China continues to improve relationship with suppliers
- Tesla China announced that its payment cycle with suppliers has shortened to around 90 days.
- 95% of Tesla Giga Shanghai’s components are from local suppliers in China.
- BYD, a competitor of Tesla in China, asked suppliers to cut prices by 10% in a recently leaked letter.
- Tesla's close relationship with Chinese suppliers has been instrumental in its success in China and globally.
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