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The Shanghai government emphasizes that it is the largest foreign investment project in the region. The company Elon Musk plans to produce about 500,000 new cars a year in this plant. "Construction should begin in the near future, after obtaining all the necessary permits and licenses," Tesla said in a statement. Gigafactory 3 will focus on the production of electric vehicles. Production should begin only two years after the start of construction.
As a result of the economic war between the United States and China, Tesla must sell its X model at a price on the Chinese market. The company expects to be able to bypass these high prices with its factory in China, Cnet .
The current goal of Tesla is to produce 170,000 vehicles a year from the Fremont factory. Once this plant and the one to be built in China reach the peak of productivity, it is expected that a million new Tesla vehicles will be built each year.
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