Briefing: Tesla’s Shanghai factory to churn out 3,000 vehicles per week

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特斯拉中国工厂建设加快 国产化利好国内供应商 – Sina Tech

What happened: Electric carmaker Tesla is planning to make 3,000 Model 3s each week in its Shanghai plant, according to a document filed to the SEC on Friday. The US-based EV startup also plans ramp-up investments on factories and equipment to up to $6 billion over the course of the next two years. The company said it will start transferring part of the Model 3 production to China in 2019, and the vehicles produced in its Shanghai factory will only be offered to consumers in China.

Why it’s important: In October, Tesla secured a plot for its mega factory in the world’s largest EV market. The new facility will be Tesla’s the first factory outside of the US and is expected to significantly boost its overall production. In July, Tesla was forced to raise its prices in China due to rising import taxes that came in the midst of the on-going US-China trade tension. Having a manufacturing plant in China would help Tesla avoid these import taxes.