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   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
Tesla's Shanghai plant under construction
 
Tesla China plant takes shape
Bloomberg | 2019/4/30

Three months after groundbreaking, Tesla Inc. is rushing to complete its multibillion-dollar factory on the outskirts of Shanghai to capitalize on growing demand in the world¡¯s largest electric-car market.

Foundations for the factory have been laid, and construction workers are erecting walls and other structures for the plant, which could eventually rival production from its U.S. assembly plant. Tesla broke ground at the 210-acre ¡°Gigafactory 3¡± site, its first outside the U.S., in January.

Tesla CEO Elon Musk said last week that production in Shanghai could reach a rate of 2,000 vehicles a week by the end of the year. A Shanghai government official said in March that he expected the factory¡¯s assembly shop to be completed in May.

The factory will help Tesla to avoid the current 15 percent tariff on imported vehicles from the U.S., making its pricing more competitive against local brands.

The need for Tesla to expand beyond its home market of the U.S. was highlighted by the earnings it reported last week, with first-quarter results missing analysts¡¯ projections. The cut in a federal tax incentive for Tesla purchases starting in January dragged on U.S. demand in the quarter, and Tesla struggled to offset that drop by starting deliveries of the Model 3 in Europe and China.

Related Stories
  • Tesla to revamp Asia business to focus on China, report says
  •     --Published:2019/21/6
     
  • U.S. denies Tesla request for tariff relief on Chinese-made Model 3 'brain'
  •     --Published:2019/13/6
     
  • Tesla cuts price on China-built Model 3 ahead of launch
  •     --Published:2019/4/6
     
  • In China and beyond, Musk urges Tesla delivery crews to 'catch up'
  •     --Published:2019/31/5
     
  • Volvo's Polestar brand intensifies Tesla challenge with 'powerful little beast'
  •     --Published:2019/17/5
     
  • U.S. rejects Tesla bid for tariff exemption for China-made Autopilot 'brain'
  •     --Published:2019/7/5
     
  • Tesla: China output may hit 2,000 a week in 2019
  •     --Published:2019/26/4
     
  • Tesla Model S, parked, explodes in Shanghai, prompting probe
  •     --Published:2019/23/4
     
  • VW plans Tesla-fighting electric crossover
  •     --Published:2019/16/4
     
  • Tesla accuses China billionaire's engineer of stealing tech secrets
  •     --Published:2019/26/3
     
  • Tesla sues former engineer now at Chinese startup for theft
  •     --Published:2019/22/3
     
  • China customs lifts suspension on Tesla Model 3 imports
  •     --Published:2019/15/3
     
  • Tesla in talks with CATL for big battery order, report says
  •     --Published:2019/12/3
       
     
     

    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.
    »¦ICP±¸06057291ºÅ