[ad_1]
Business
Tesla Inc. said Friday it wants to reduce the impact of tariffs on its Model 3 sedan by building more cars in Shanghai, China.
PHOTO FILE: The lines of the new Tesla Model 3 electric vehicle are visible in Richmond, California, United States, June 22, 2018. REUTERS / Stephen Lam / File Photo
REUTERS: Tesla Inc. announced Friday the development of a plan to produce about 3,000 model 3 vehicles a week in Shanghai during the initial phase of the Gigafactory 3, in order to reduce the number of cars sold. impact of tariffs.
The company also reported https://www.sec.gov/Archives/edgar/data/1318605/000156459018026353/tsla-10q_20180930.htm#ITEM1_LEGAL_PROCEEDINGS in a depot whose sales of S models and X models in China were and will continue to be hurt by the recent increase in tariffs imposed by the Chinese government on vehicles manufactured in the United States.
The electric car maker said it was continuing its efforts to increase model 3 production to about 10,000 units a week.
Tesla also plans to continue to increase the production rate of its model 3 to about 7,000 units a week in its Fremont, California plant.
China is the largest market for electric vehicles, and most forecasters predict that electric vehicle sales in the country will accelerate rapidly as government regulation targets the target of 100-plus vehicles. % electric from here 2030.
(This version of the story has been redefined for the word deleted from the first paragraph)
(Report by Akanksha Rana in Bengaluru, edited by Bernard Orr)
Source link
