Tesla plans to produce 500,000 vehicles a year in China
- While its sales in China exceeded 9,000 units in 2016, 10,000 units in 2017, and will exceed 12,000 units in 2018, Tesla has reached a preliminary agreement to build an assembly plant in China, at Shanghai, which will be able to manufacture up to 500,000 electric vehicles per year. The plant is expected to be located in the Lingang Industrial and Commercial Zone, southeast of Shanghai.
- The city authorities have assured that they will give their full support to the American manufacturer of electric vehicles ‘project (which also includes an R & D center ) as it fits perfectly in the strategy of the Chinese government to quickly and strongly electrify the Chinese car fleet.
- A spokesman for Tesla said the new location in China would not affect the company's business in the United States, nor the production in Fremont, which will continue to grow, due to growing demand for electric cars in North America and Europe, especially since Tesla has added this year a third car to its catalog (Model 3) which should sell more than previous models because of a more moderate price.
- The models made in China will be exclusively for the Chinese market. The construction of the Chinese plant will begin in the second half of 2018.The start of production is not expected to start until 2020.
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