Tesla Given Approval to Start Shanghai Factory Production

Tesla Given Approval to Start Shanghai Factory Production

Brian Wang |
October 18, 2019 |

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 China’s second-generation Model 3 production line will be at least 50% cheaper per unit of capacity than its Model 3-related lines in Fremont.

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

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