We have been obsessively tracking the progress of Tesla Gigafactory 3 in Shanghai, China — thanks in large part to info our friend Vincent on Twitter gathers. Now he has news that Tesla is about to hold a groundbreaking ceremony for Gigafactory 3 (GF3) in 7 hours.
2019 is poised to be a breakout year for Tesla. The Model 3 is expected to become the best selling electric car in Germany and construction of the new Gigafactory 3 in China is already a year ahead of schedule.
A new video has surfaced showing construction progress at Tesla’s third Gigafactory outside of Shanghai, China. Surprisingly or unsurprisingly, the new Gigafactory has already been the source of much contention. Self-proclaimed shorters of TSLA stock have visited the site and shared videos of fields of dirt, empty office buildings, and the like. (Sound familiar?)
Our good friend and great source for all things Tesla in China, Mr. Vincent, has shared news that Tesla Model 3 delivery estimates for China have started rolling out.
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.
The world is changing fast, but many worry it is not fast enough, so let’s review the biggest cleantech news from China in August. As always, there’s much news out of China. In order to aggregate and summarize the highlights, this edition of our China × Cleantech feature separates the stories by a handful of broad topics. This report is also published over on the “Future Trends” section of our website.
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.
