Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Chinese Version   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
Tesla starts hiring in China before breaking ground
Bloomberg | 2018/8/10

BEIJING -- Cash-strapped Tesla Inc. has yet to reveal details of the investment needed for its Shanghai plant, but the electric-vehicle maker has started hiring for the factory.

In a social media post on its WeChat account last week, Tesla sought out more than a dozen engineers and machinists for its proposed plant in the Chinese city. The factory, known as the Gigafactory 3, is expected to churn out about 250,000 vehicles and battery packs per year initially, and that capacity will double over time.

"The 'Dreadnought' is about to sail," Tesla wrote in the recruitment ad, referring to the early 20th-century British battleship that inspired a later class of vessels built for naval warfare. "We are recruiting the first batch of sailors and looking forward to having you on board soon."

Tesla's expansion in China is key to CEO Elon Musk's goal of dominating EVs for decades to come. The Asian country is the world's No. 1 EV market and the second-largest for Tesla, which expects to start producing the first vehicles in the local factory in three years. It is also entering a fierce talent war as a myriad of local startups and auto giants such as Volkswagen Group and BMW Group set up production in the mainland.

The company would look to China to at least partially fund the $5 billion (34.17 billion yuan) cost of the new plant designed for 500,000 vehicles annually at full capacity, and it expects to start making the Model 3 there by 2020, according to a person familiar with the plans. Musk said on a conference call last week it would probably cost closer to $2 billion for a 250,000-vehicle factory, while the company said it plans to use mostly local debt to fund the factory.

Related Stories
  • Tesla rushes Model 3s to China before trade truce expires
  •     --Published:2019/15/2
  • Tesla launches sales of lower-priced Model 3
  •     --Published:2019/5/2
  • Musk: $500 million enough to launch output at Tesla's Shanghai plant
  •     --Published:2019/1/2
  • Everybody wants to be the next Elon Musk (at least in China)
  •     --Published:2019/18/1
  • China wants Elon Musk to help promote stable ties with U.S.
  •     --Published:2019/11/1
  • Tesla breaks ground at Shanghai Gigafactory to launch China push
  •     --Published:2019/8/1
  • Tesla to start Model 3 sales in March
  •     --Published:2019/8/1
  • Tesla seeks bids for China Gigafactory construction
  •     --Published:2018/7/12
  • Tesla cuts prices to ease hit from tariffs
  •     --Published:2018/23/11
  • Tesla starts taking Model 3 orders in China
  •     --Published:2018/20/11
  • Tesla, looking to skirt tariffs, sets Model 3 output targets
  •     --Published:2018/6/11
  • Tesla's Shanghai factory to produce 2 models in first phase
  •     --Published:2018/26/10
  • Tesla acquires land in Shanghai for EV plant
  •     --Published:2018/19/10
  • Tesla expands Hong Kong charging outlets
  •     --Published:2018/16/10

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     


    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.