News Tesla Building New Plant in China

19:03  11 july  2018
19:03  11 july  2018 Source:   autotrader.ca

Tesla targets November 2019 for start of Model Y production

  Tesla targets November 2019 for start of Model Y production Tesla Inc is targeting November 2019 as the start of production for its Model Y sportReuters has learned the Silicon Valley company led by Chief Executive Elon Musk is accepting preliminary bids for supplier contracts on the Model Y, a compact crossover companion to the Model 3 sedan. Tesla has given suppliers scant details about the program and had not provided a production time frame, but has now indicated the vehicle would begin to be built at its Fremont, California, plant in November of next year, the two sources with knowledge of the supply chain said.

SHANGHAI (Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first “The Shanghai plant will certainly improve Tesla ’s positioning in China and allow it to locally produce and avoid import tariffs.

SHANGHAI (Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first “The Shanghai plant will certainly improve Tesla ’s positioning in China and allow it to locally produce and avoid import tariffs.

Tesla Gigafactory© Andy Lin Tesla Gigafactory

In the midst of ramping up production at its California plant, Tesla has reached an agreement to bring massive production of the company's electric cars to China.

The Shanghai government and Tesla CEO Elon Musk have sealed the deal to bring the electric automaker's second assembly plant to China, Bloomberg reports. It's a big part of a long-term effort to bring the plant to the country and the report says that Tesla's facility will be the first in China to be wholly owned by a foreign carmaker.

Construction of the facility is expected to start as soon as approvals and permits are secured. The first vehicles are expected to roll out of the plant within about two years. Once that happens, a Tesla spokesperson told Bloomberg that it expects another two to three years for the plant to meet maximum capacity. Around 500,000 vehicles per year.

Tesla factory goes 24/7 to hit 6,000 Model 3s per week by June

  Tesla factory goes 24/7 to hit 6,000 Model 3s per week by June In an apparent leaked email, Elon Musk goes into detail about Tesla's plan to get out of Model 3 production hell and into profitability.In an email to Tesla employees obtained by Jalopnik on Tuesday, Musk outlines plans for an added shift, meaning the Fremont plant will begin operating 24 hours a day, seven days a week. By Musk's calculations, this -- along with the upgrades in California and Nevada -- will put Tesla at 5,000 to 6,000 cars per week by June.

SHANGHAI (Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first “The Shanghai plant will certainly improve Tesla ’s positioning in China and allow it to locally produce and avoid import tariffs.

SHANGHAI (Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first “The Shanghai plant will certainly improve Tesla ’s positioning in China and allow it to locally produce and avoid import tariffs.

For a size comparison, Tesla's Freemont, CA, facility has just managed to reach 1,000 cars per day. Although that plant required an outdoor expansion to hit those figures.

Tariffs in China make Teslas expensive in that country. A Model S in China starts at around 710,600 yuan, which is approximately CAD $141,000. For comparison, a Model S in Canada starts at $96,650. The Chinese market is the largest EV market globally, with sales possibly hitting 1 million vehicles this year.

Musk has said he expects to reveal plans for another plant in Europe later this year, but no timeline was attached. Musk said that the China plant will likely build the Model 3 and upcoming Model Y crossover, rather than the pricey Model S and Model X.

Tesla Hits Production Goals for Model 3 .
5,031 copies made in a week

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