Tesla Given Approval to Start Shanghai Factory Production
China Ministry granted Tesla a certificate it needs to start production in the country. Tesla intends to produce at least 1,000 Model 3s a week from the Shanghai factory by the end of 2019.
Tesla will start building a simplified, more cost-effective version of their Model 3 line with capacity of 150,000 units per year – the second generation of the Model 3 production process. Chinese customers bought well over a half-million mid-sized
premium sedans in 2019. Thi market poses a strong long-term opportunity for Tesla.
Tesla continues to target production of over 500,000 vehicles globally in the 12-month period ending June 30, 2020.
Tesla will start producing the Model Y in 2020. They forecast Model Y will be a more profitable product than the Model 3
Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.