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Tesla strives to turn Shanghai into “world’s largest vehicle export hub” with Gigafactory expansion


Tesla is to scale up its production capacity in China by erecting a second production line near the existing plant in Shanghai, which is poised to pull up its total annual output to one million units. This makes the city “the world’s biggest vehicle export hub”, the carmaker confirmed in a letter to the local authorities, thanking them for helping restart production at the Gigafactory after a 22-day suspension during the local lockdown amidst new waves of COVID outbreaks.


It is understood that the assembly line will be used to build Tesla’s Model 3 and Model Y product lines, which are capable of producing 450,000 electric vehicles per year, according to the letter which was first revealed by Reuters on 3 May.


The installation of the Gigafactory has already proven fruitful in the past few years. This is thanks to the growing adoption of EV cars as a result of China’s push for clean energy vehicles as part of the government’s efforts to achieve dual carbon goals: to reach peak carbon emissions by 2030, and to be carbon neutral by 2060. Having broken ground in Lingang, Pudong New Area in Shanghai in 2019, China’s first foreign-funded, end-to-end vehicle production plant soon started functioning in 2020, contributing to more than 140,000 units of Tesla’s whole year output.


Read More at https://daoinsights.com/news/tesla-strives-to-turn-shanghai-into-worlds-largest-vehicle-export-hub-with-gigafactory-expansion/


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