Mon. Dec 17th, 2018

Tesla accelerates the construction of its factory in China and will produce next year

Tesla accelerates the construction of its factory in China and will produce next year



The American car company Tesla is accelerating the construction of its "mega factory" in China and will begin the partial production of vehicles during the second half of next year, much earlier than scheduled.

The local newspaper China Daily reported today that both the Government of Shanghai, where the factory is located, and the company founded by Elon Musk have confirmed that the construction work of the Tesla Shanghai Gigafactory 3 is going faster than expected in A beginning.

According to initial estimates, it was planned that it would take around two years for the Shanghai plant to start producing, and then another two or three years before it reached its maximum level of 500,000 vehicles per year.

Last October, the car company confirmed that it had signed an agreement to secure the land for the next 50 years for the construction of what will be its first factory outside the United States.

The Government of Shanghai pointed out in social networks that the leveling of the land has been completed and the construction is about to start.

This factory will allow Tesla to accelerate its expansion plans in the largest electric car market in the world, where last year it reached 777,000 units sold and this year could exceed one million, according to the China Association of Automobile Manufacturers.

The acquired lands are in the Lingang area, an area conceived by the Government for the development of new energy vehicles and intelligent manufacturing where there are more than 20 car manufacturers and auto parts.

Tesla currently imports all the cars it sells in China from the United States, so a factory in China will reduce shipping costs and tariffs.

It will be able to compete with greater advantages against national firms such as BYD Auto and BAIC Group, which in recent years have positioned themselves as the leaders of the sector in a country where the Government is encouraging the purchase of this type of vehicle as a strategy to fight against high pollution rates.

Last May, Tesla announced the opening of a subsidiary in Shanghai dedicated to the research and development of electric cars, taking advantage of the opening of the automotive sector in the country.

At the beginning of the year, the government announced the lifting of restrictions, so that foreign manufacturers no longer need to have joint subsidiaries to operate.

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