A new Shanghai-based Tesla factory on cards

A new Shanghai-based Tesla factory on cards

KUALA LUMPUR: Yes, that’s true. Tesla is planning a new factory based in Shanghai. As per reports, the new Tesla plant will be near the existing Gigafactory 3, in the Lingang-free trade zone.

KEY TAKEAWAYS

  • Where will the new Tesla plant be located?

    The new Tesla plant will be near the existing Gigafactory 3, in the Lingang-free trade zone.
  • For those who aren’t aware, the Gigafactory 3 is Tesla’s first plant outside America and is fully owned by a foreign party in China where a joint venture with a local firm is usually required. It currently has a capacity of 450,000 units per year.

    new Tesla plant

    Reuters says that with the new plant in place, Tesla is aiming for an annual capacity of around two million units. The South China Morning Post,on the other hand, said the two million figure is a long-term figure with the immediate capacity more likely to get doubled to at least one million vehicles annually. Tesla China, however, declined to comment.

    As for Tesla China’s sales performance, it sold 484,130 cars in 2021 that is half of the automaker's global sales of 936,000 units. Bifurcating the numbers model-wise, they sold 321,000 units of Model 3 and Model Y in China last year, that’s more than double it sold in 2020.

    The remaining 160,000 Tesla’s were exported to markets like Japan and Germany.

    Tesla Shanghai's plant

    Is there such a high demand for EVs?

    Yes, the demand is there for electric cars. Last year, China sold 2.99 million new-energy vehicles, showing a 169 percent increase over previous year.

    According to the China Passenger Car Association, the sales of new-energy vehicles will go up by 84 percent in 2022.

    What else?

    The Beijing Daily last year reported that Tesla would invest around 1.2 billion yuan in the Shanghai factory to increase its capacity. And will also employ 4,000 workers to hike the production.

    Also Read: Tesla Model 3 and Model S recalled for front trunk & camera problem

    Abhishek Katariya

    Abhishek Katariya

    From collecting Hotwheels to actually creating a list of cars driven, Abhishek has been a fanboy of cars since childhood. As much as he enjoys being behind the wheel, he also loves munching miles on big tourer bikes. 

    Read Full Bio

    Sell your car at the best price

    Verified and genuine buyers Verified and genuine buyers
    Free listing Free listing
    List your car

    You might also be interested in

    • News
    • Featured Stories
    • Upcoming
    • Proton e.MAS 7 ev
      Proton e.MAS 7
      RM 120,000 Expected Price Kuala Lumpur
      Expected Launch Dec, 2024 Alert Me When Launched
    • Toyota Yaris Cross
      Toyota Yaris Cross
      RM 130,400 Expected Price Kuala Lumpur
      Expected Launch Dec, 2024 Alert Me When Launched
    • Toyota Hilux Champ
      Toyota Hilux Champ
      RM 59,000 Expected Price Kuala Lumpur
      Expected Launch Dec, 2024 Alert Me When Launched
    • Perodua EM-O ev
      Perodua EM-O
      Price coming soon
      Expected Launch Dec, 2024 Alert Me When Launched
    • Kia EV3 ev
      Kia EV3
      Price coming soon
      Expected Launch Dec, 2024 Alert Me When Launched

    Latest Car Videos on Zigwheels

    Zigwheels
    • 2024 MG5 Review - If you ignore the noise, this thing is actually A-OK!
      2024 MG5 Review - If you ignore the noise, this thing is actually A-OK!
      21 Nov, 2024 .
    • Why Jaecoo J5 could be Malaysia’s next big SUV sensation!
      Why Jaecoo J5 could be Malaysia’s next big SUV sensation!
      14 Nov, 2024 .
    • ZEEKR X and ZEEKR 009 now open for booking in Malaysia
      ZEEKR X and ZEEKR 009 now open for booking in Malaysia
      15 Oct, 2024 .
    • 2024 smart#3 Pro review - The ideal daily?
      2024 smart#3 Pro review - The ideal daily?
      15 Oct, 2024 .
    • BMW i5 REALLY the Best EV for City Driving? Let's find out
      BMW i5 REALLY the Best EV for City Driving? Let's find out
      15 Oct, 2024 .
    • GMW Haval H6 | Review
      GMW Haval H6 | Review
      27 Sep, 2024 .
    • Leapmotor C10 Previewed in Malaysia
      Leapmotor C10 Previewed in Malaysia
      27 Sep, 2024 .
    • 2024 Mitsubishi Xpander Facelift is here! Starting from RM99,980
      2024 Mitsubishi Xpander Facelift is here! Starting from RM99,980
      23 Sep, 2024 .
    • 2024 Mercedes-Benz E-Class and GLC350e
      2024 Mercedes-Benz E-Class and GLC350e
      23 Sep, 2024 .
    • BYD’s got some exciting stuff going on at Sime Darby Motor's AutoMania this weekend!
      BYD’s got some exciting stuff going on at Sime Darby Motor's AutoMania this weekend!
      23 Sep, 2024 .
    Watch Car Videos

    Compare

    You can add 3 variants maximum*