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Tesla wants to produce up to 500,000 cars a year in Shanghai [19659002] Tesla founder Elon Musk will be in Shanghai on Tuesday. The reason is that Tesla has entered into a preliminary agreement with Shanghai to build a plant capable of producing 500,000 vehicles a year, says Bloomberg.
China is today the world's largest electric car market, but Tesla does not belong to it. dominant brand. Last year, Tesla sold 14,799 vehicles in the country, which equates to 3% of the market for battery-powered electric vehicles in the country, according to Bloomberg.
Today, Tesla has a car installation facility in Fremont, California. The goal was to produce as many vehicles each year as in the factory planned in China, or 500,000 already in 2018. However, Tesla is far from having done the same. In the first half of this year, more than 88,000 cars were manufactured in Fremont, according to Bloomberg.
Tesla has increased the price of its cars in China by about 20%.
