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Tesla Inc. reportedly signed an agreement with China on the construction of an electric vehicle plant in Shanghai with a capacity of half a million electric cars per year. The Shanghai Municipal People's Government said it would be the largest industrial facility in the region.
The parties have long discussed the project. On the recently imposed tariff on auto imports from the United States, the price of Tesla Model 3 in China is 25% higher than in the US or Europe, so these cars were too expensive for motorists local.
sold directly to the Chinese market.
"It will be a state-of-the-art vehicle factory and a model of sustainability.We hope it will be completed very soon.We have been impressed by the beauty and energy of Shanghai and we want that our factory adds to that, "said Tesla CEO Elon Musk.
"Last year, we announced a cooperation with the Shanghai authorities, whose goal is to explore the possibilities of creating a factory that could serve the Chinese market," said a spokesman. from Tesla. "Today, we have signed an agreement to start construction of Gigafactory 3, a new industrial facility in Shanghai."
"From there it will take about two years before we start producing vehicles and two or three years later the factory is fully equipped to produce about 500,000 vehicles a year for Chinese customers," said the spokesperson.
After obtaining all the necessary permits, Tesla will be able to reach its goal of producing 500,000 electric vehicles per year. only in a few years. The construction of the factory will take about two years, and to achieve the set production volumes – another three years.
It should be taken into account that Tesla is too optimistic about deadlines. Nevertheless, at the end of June, the company announced that it had brought 5,000 electric vehicles a week to its Fremont plant, the target being set for late 2017.
Tesla did not provide any Estimate of what the factory could cost to build
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