The South African-born billionaire Elon Mus is betting on doubling the production of his Tesla cars in China, for which the construction of a new factory in Shanghai is planned.
The works will start in March, which confirms the plans of the Tesla CEO to not only increase the production of electric cars, but also that his plan is more ambitious, since his goal is to double the production of the units.
New Tesla plant with large production capacity
The new Tesla plant in Shanghai will have the capacity to produce up to 2 million units per year, according to estimates , which would put Musk’s company at the level of other automakers operating in China.
And it is that the Japanese automaker Toyota, produced 1.6 million cars in China, the American General Motors, reached 1.4 million cars and the German Volkswagen estimates to increase to 1 million electric vehicles for 2023.
While Tesla is currently on track to produce 1 million cars in China, which includes its Model 3 sedan and Model Y crossover.
Last year, Tesla produced about 936,000 cars, of which it is estimated that half were manufactured in China, according to reports from the Reuters agency.
The rise of the Gigafactory 3
For now, it has been announced that the plant will be built very close to the current Tesla factory, which is known as Gigafactory 3, which is located in the vicinity of Lingang, in Shanghai.
Unlike other foreign automakers operating in China, the Chinese government has exempted Tesla from partnering with local automakers.
So Elon Musk’s company owns the plants where his cars are produced.
In addition, Tesla has significantly increased its sales in China, and as if that were not enough, its plant in Shanghai has become an important export point to markets such as Germany and Japan.
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