Published on October 24th, 2018 | by Zachary Shahan0
Tesla Shanghai Gigafactory To Produce Model Y & Model 3
October 24th, 2018 by Zachary Shahan
According to a government filing made today in Shanghai, Tesla intends to produce two models at its Chinese Gigafactory in the factory’s first phase — Tesla Model Y and Tesla Model 3.
According to the same filing, the production capacity is expected to be 250,000 vehicles a year for this phase.
We at CleanTechnica assume that this initial plan and capacity will grow as quickly as possible to match growing demand for Tesla’s vehicles in China and the surrounding region.
There is also rumor that the model lineup will grow over time to include Model S and Model X production, but that has not been confirmed by Tesla or any official filings. We have heard no rumors of Semi production at the Shanghai Gigafactory
The filing comes from an environmental assessment firm that is currently conducting a mandatory feasibility study.
It was just one week ago that Tesla sealed the deal for the location of Gigafactory 3, so the company does seem to be moving fast to break ground. Two weeks ago we reported that Tesla was hiring for many construction-related jobs in the area and three weeks ago we reported on rumors that Tesla was speeding up the factory construction due to Trump-instigated trade tariffs.
In early September, which now seems like ages ago, we reported, “Tesla has increased the registered capital for its new Shanghai Gigafactory from 100 million yuan ($14.6 million USD) to 4.67 billion yuan ($681 million USD) to support new scope for the factory, including core automotive manufacturing operations and battery managements systems at the new factory.” That followed comments from Tesla CEO Elon Musk a month earlier that Tesla would likely fund Gigafactory 3 with bank loans from local Chinese banks. As they say, when in China, pay and borrow from the Chinese.
This article was updated after publishing to include additional context and background information.
Tesla Model X photo by Kyle Field
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