Sunday , January 24 2021

Tesla accelerates the construction of its factory in China



The local newspaper China Daily reported today that both the Government of Shanghai and the company themselves confirmed that the construction of Shanghai Gigafactory 3 Tesk was faster than expected.

The US automobile company Teslo accelerates the construction of its "mega factory" in China and will begin the partial production of vehicles during the second half of the coming year, much earlier than anticipated.

The local newspaper China Daily reported today that both the Government of Shanghai, where the factory is located, and the company founded by Elon Musk confirmed that the construction of Shanghai Gigafactory 3 Tesk was faster than expected in principle

According to initial estimation, it was planned that it would last two years for the Shanghai plant to begin to produce, and then two or three years before it reaches its maximum level of 500,000 vehicles per year.

Last October, the car company confirmed that it had signed an agreement to ensure the country over the next 50 years to build its first factory outside the United States.

The Shanghai Government has pointed out in social networks that the level of the country has been completed and the construction begins.

This factory will allow Tesla to accelerate its long-term plans in the largest electric car market in the world, where the year spent 777,000 units sold and this year could exceed one million, according to the China Automobile Association.

The acquired lands are in Lingang, an area designed by the Government to develop new energy and smart vehicles, with more than 20 cars and automated parts.

Tesla currently imports all the cars that it sells in China of the United States, so that a factory in China will reduce costs and tariffs.

It will be able to compete with bigger advantages against national companies such as BYD Auto and BAIC Group, who have in the last years become leaders of the sector in a country where the Government encourages the purchase of this type of vehicle as a strategy to combat high levels of pollution indications

Last May, Tesla announced the opening of a subsidiary in Shanghai dedicated to the investigation and development of electric cars, utilizing the opening of the car sector in the country.

At the beginning of the year, the government announced the removal of restrictions, so that foreign manufacturers no longer need to have subsidiary companies to operate.


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