Beijing (Sputnik)-US electric vehicle maker Tesla plans to set up a second plant in Shanghai, China to expand production capacity, China Chung Wenbao Newspaper (China Securities Journal) said on Wednesday. I quoted a source and reported it.
The newspaper reported that Tesla plans to build a second factory near the first factory in the Ringan industrial area.
The new facility will enable cargiants to produce 450,000 vehicles annually and model 3 and model Y electric vehicles, the report said.
In 2021, the Tesla plant in Shanghai produced more than 484,000 cars, 235% more than in 2020. In the first quarter of 2022, sales of Tesla vehicles in China reached 182,200 units.
The Shanghai plant was Tesla’s first production base outside the United States. More than half of the electric vehicles produced there were shipped to Europe and Asia last year. China itself is one of Tesla’s major markets.
https://sputniknews.com/20220504/tesla-planning-to-build-2nd-production-plant-in-chinas-shanghai-reports-say-1095256270.html Tesla plans to build a second production plant in Shanghai, China, the report said.