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The Toronto-based firm was able to pay for the plant with cash, so avoided taking on debt or diluting existing shareholders' equity, CEO Michel Amar said in a Wednesday press release. In March 2021, the company said it would pay $4.25 million in cash and stock. It hadn't responded to
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EV maker Tesla has applied with the state of Texas regarding the expansion of its Austin-based gigafactory to accommodate more operations. Tesla (NASDAQ: TSLA) plans to spend more than $770 million on the expansion of its factory in Austin, Texas. January filings with the Texas Department of Licensing and Registration disclose
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The factory’s unflinching efforts to manufacture products will turn out to be profitable for the upcoming lunar New Year shopping season.The Foxconn group has suddenly become a center of attraction as its iPhone plant is allegedly operating at ninety percent of capacity, even when the world is struggling with
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