The new plant will be located around its existing production base in Lingang, Pudong New Area.
Tesla Inc. plans to begin work on a new plant in Shanghai as soon as next month as part of plans to more than double production capacity in China to meet growing demand for its cars in the country and export markets. Two people familiar told Reuters.
Once the new plant is fully operational, Tesla will have the capacity to produce up to 2 million cars per year at its expanded Shanghai facility, the company’s main export hub, according to the people, who still identified in private discussions. Was told not to. plans.
The new plant will be located around its existing production base in Lingang, Pudong New Area.
Tesla declined to comment.
The expansion, if it goes ahead, will see Tesla EV-dedicated production capacity in the world’s largest auto market be on par with more established brands in China.
In comparison, Toyota Motor Corp produced 1.6 million vehicles in China in 2021. General Motors produced 1.4 million with its major Chinese partner SAIC Motor Corp. Volkswagen plans to manufacture one million electric vehicles in China by 2023.
The cost of the planned expansion and Tesla’s timetable for completion were not immediately known.
Tesla began production at its Shanghai plant — also known as the Gigafactory 3 — less than a year after breaking ground. The plant makes the Tesla Model 3 sedans and Model Y crossovers.
Expansion plans for the existing plant are aimed at keeping Tesla on track to produce about 1 million vehicles this year, two sources familiar with the expansion plans told Reuters, though one said this would also depend on parts availability. Is.
Tesla anticipates taking its weekly production at the plant to about 22,000 vehicles in the coming months, one of the sources said.
This production rate would be around 1.1 million vehicles a year, more than double the plant’s original estimated capacity.
Reuters previously reported that Tesla may be expanding its capacity at the existing site.
The Shanghai city government did not immediately respond to a request for comment.
Shanghai has been a supporter of Tesla’s establishment of a wholly-owned factory in China – the first foreign auto plant that is not required to form a joint venture with a Chinese partner.
In a regulatory filing with Shanghai earlier this week, Tesla said it would expand its production of parts at its Shanghai factory, hire additional workers and meet growing export demand, to meet growing export demand. planned to run.
Tesla’s sales have grown in China and its Shanghai factory has become an important export hub for markets such as Germany and Japan. Last year, Tesla’s China-made cars accounted for nearly half of the 936,000 vehicles delivered globally, based on Reuters calculations using China Passenger Car Association data.
Earlier this month, Tesla said its China revenue more than doubled in 2021 to $13.8 billion from the previous year. Elon Musk also said in October that Shanghai had outpaced its Fremont, California factory — the company’s first plant — in production.
Tesla has faced delays in opening a plant in Germany. Musk originally aimed to open the Berlin plant in July last year. Approval for the plant has been complicated by a court case challenging the license granted to its water supplier.
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