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Tesla Said To Plan Second Factory In Shanghai
Tesla reportedly plans to build a second factory in Shanghai as it seeks to more than double production capacity in China.
According to two people familiar with the matter cited by Reuters, Tesla expects to start working on the new plant as soon as next month, with the new facility deemed necessary to meet growing demand for its EVs in China and export markets.
The unnamed sources claim the new plant will be located in the vicinity of Tesla's existing production base in Lingang, Pudong New Area. The cost of the planned expansion remains unknown at this time, as does Tesla's timetable for the expansion.
Once the new plant becomes fully operational, the US EVmaker will have the capacity to build up to 2 million cars per year at its expanded Shanghai site.
If the expansion is to happen, Tesla's EVproduction capacity in Shanghai would be comparable to more established brands in China. Toyota, for example, produced 1.6 million vehicles in China in 2021, while G.M. produced 1.4 million with its Chinese partner SAICMotor Corp.
Source: Re-posted and Summarized from Dan Mihalascu at insideevs.
My Take: I wonder if the new factory in China will be approved before Giga Germany. Come on Germany, get your act together.
Re Posted From: Tesla Said To Plan Second Factory In Shanghai
Tesla reportedly plans to build a second factory in Shanghai as it seeks to more than double production capacity in China.
According to two people familiar with the matter cited by Reuters, Tesla expects to start working on the new plant as soon as next month, with the new facility deemed necessary to meet growing demand for its EVs in China and export markets.
The unnamed sources claim the new plant will be located in the vicinity of Tesla's existing production base in Lingang, Pudong New Area. The cost of the planned expansion remains unknown at this time, as does Tesla's timetable for the expansion.
Once the new plant becomes fully operational, the US EVmaker will have the capacity to build up to 2 million cars per year at its expanded Shanghai site.
If the expansion is to happen, Tesla's EVproduction capacity in Shanghai would be comparable to more established brands in China. Toyota, for example, produced 1.6 million vehicles in China in 2021, while G.M. produced 1.4 million with its Chinese partner SAICMotor Corp.
Source: Re-posted and Summarized from Dan Mihalascu at insideevs.
My Take: I wonder if the new factory in China will be approved before Giga Germany. Come on Germany, get your act together.
Re Posted From: Tesla Said To Plan Second Factory In Shanghai