Tesla Shanghai Gigafactory To Produce Model Y & Model 3
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 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.
Tesla has officially acquired the land for Gigafactory 3 outside Shanghai as it moves forward with plans to build its first factory outside the United States.
Tesla Gigafactory 3 in Shanghai continues to progress, with the hottest news being new construction-related jobs posted on Tesla’s Chinese website.
The tariffs imposed by the Trump administration are encouraging Tesla to get its Gigafactory 3 in Shanghai built sooner so it can start manufacturing cars in China. The company says it costs up to 60% more to build a car in the US than in China.
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.
Tesla has been pushing to build local production capacity in two of its key markets for years and just recently confirmed that it will build its third Gigafactory in Shanghai, China. The new plant-to-be spent some time in the spotlight this week during Tesla’s Q2 2018 investor call. Elon shared some insights into the timeline, production capacity, and cost.
Just weeks after China amended its policies regarding foreign companies manufacturing automobiles, Tesla has created a new subsidiary based in the Shanghai Free Trade Zone.