Tesla Super Factory sits in Shanghai Lingang

Tesla Super Factory sits in Shanghai Lingang

Production project of 500,000 pure electric vehicles per year

[Hong Kong Commercial News] The Tesla Super Factory, which plans to produce 500,000 pure electric vehicles per year , is officially settled in Lingang area in Shanghai, it is the largest foreign-funded manufacturing project in Shanghai history. On July 10, the Shanghai Municipal Government and the United States Tesla signed a memorandum of cooperation: Shanghai Mayor Ying Yong and Tesla President and CEO Elon Musk worked together for Tesla (Shanghai) Co. , Ltd. The company and the R & D Center for Tesla electric vehicles (Shanghai) have been unveiled. Zhou Bo, deputy mayor of Shanghai, and Ren Yuxiang, deputy chairman of Tesla, signed the agreement on behalf of both parties.

According to the agreement, the Shanghai Municipal Government and Tesla will focus on deepening cooperation and exchanges in areas such as technological innovation and industrial development. Shanghai will actively support the establishment of Tesla in Shanghai. Tesla subsidiary and electric vehicle R & D and innovation center integrating R & D, manufacturing and sales functions to foster the transformation of innovative technological achievements, accelerate the development of globalization, accelerate the development of the company. Shanghai's high-end manufacturing industry and accelerate the construction of a global automotive center. Provide strong support to Shanghai for a city of world excellence and achieve win-win cooperation.

Tesla also signed an investment agreement in a pure electric vehicle project with the Shanghai Lingang Management Committee and the Lingang Group. Tesla will be solely responsible for the construction of Gigafactory 3, which integrates the R & D, manufacturing and sales functions in the Lingang region. Meanwhile, the Tesla R & D Innovation Center (Shanghai) is an important part of Tesla's global R & D system, mainly engaged in the R & D and innovation of electric vehicles, and will promote actively transforming the technological innovations of electric vehicles.

Ying Yong said that he was very pleased to have a strategic cooperation with Tesla and to welcome Tesla to bring the whole industrial chain of R & D, manufacture and sale of vehicles pure electric in Shanghai. The Shanghai Municipal Government will fully support the construction of the Tesla factory and will strive to create a better environment and provide better services for all types of businesses, including Tesla in Shanghai. Musk said that Tesla will build the first super factory outside the United States in Shanghai and the most advanced electric vehicle plant, hoping to make it a model of sustainable development.

Tesla has not yet taken the land

However, the financial report said that it is only a signing ceremony for both parties to reach an agreement, Tesla has not taken the land yet. According to sources close to the project, the general direction of plant site selection was fixed.This is not the registered address of Tesla to Lingang, but south of the Mucheng city, in the port area of ​​Luchao. And the future Tesla factory in the port will have a high probability of being equipped with batteries and new energy vehicles, and will not produce batteries at the moment. Finance and economy citing people familiar with the EIA of Shanghai said that, because of the manufacture of batteries, there will be some pollution, it is difficult to pbad the severe environmental badessment of Shanghai.

After Tesla signed a pure electric vehicle project investment agreement with Shanghai, Tesla shares rose to 2.4%. Musking went to Beijing According to Bloomberg News, Musk will go to Beijing on Wednesday, and many people think that after the selection of the factory site in Shanghai, the trip to Beijing will be devoted to the qualification of the new energy production. Some badysts believe that the Chinese market is large and that consumers have a strong purchasing power: Tesla's establishment in China can shorten the cycle and cost of manufacturing for sale, which is the best choice for Tesla. Another benefit of building a factory in Shanghai is that it can help Tesla to achieve local production, to avoid import duties and to sell in China at a lower price. In addition, Tesla will also face funding difficulties: according to the badysis, Musk could choose to sacrifice technologies and equity in exchange for the huge financial support of Shanghai Lingang and the SASAC. If we can open the huge market in China, then maybe the hope of completing the million Musk ambitions in 2020 is only a hope.