Elon Musks Tesla ready for groundbreaking Shanghai gigafactory

first_img Elon Musk Tesla 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value Tesla has plans to produce approximately 3,000 Model 3 vehicles every week in the initial phase and ramp up to 500,000 vehicles every year when fully operational, though it’s subject to local factors such as regulatory approval and supply chain constraints, according to a company statement.Musk was present at the event, which comes as the US-China trade talks loom and amid reports that Tesla’s sales aren’t doing well in the country. The event was also graced by Shanghai mayor Ying Yong, local government officials, representatives from the National Development and Reform Commission and Ministry of Industry and Information Technology, as well as members of the Tesla team.”China is … a market that is critical to Tesla’s mission to accelerate the world’s transition to sustainable energy,” said Musk. “Over the last six years, we have opened 60 Tesla locations, nearly 1,500 Superchargers, and more than 1,850 destination chargers in the country. This week, we’ve started taking online orders for Model 3 in China, so that customers can configure their vehicle to take delivery in the weeks ahead, and Gigafactory 3 is another example of Tesla’s commitment to the China market.”First published at Jan. 6, 11 p.m. PT.Update at Jan. 7, 1:23 a.m. PT: Adds information throughout.    Aiming to finish initial construction this summer, start Model 3 production end of year & reach high volume production next year— Elon Musk (@elonmusk) January 7, 2019 Musk also revealed that the Shanghai gigafactory will build “affordable versions” of the Model 3 and Model Y for the greater China region. More expensive versions and other car models will continue to be made in the US. More From Roadshow 2020 BMW M340i review: A dash of M makes everything better 2020 Hyundai Palisade review: Posh enough to make Genesis jealous 4 Tesla CEO Elon Musk attended the ground breaking ceremony for the automaker’s first non-US gigafactory in Shanghai, China. Tesla Tesla’s first non-US gigafactory is finally taking shape.The automaker broke ground for its Shanghai gigafactory in a ceremony held Jan. 7 at 3 p.m. local time, it announced in a statement today, adding that the plant will enable the localisation of Model 3 production and future models sold in China.Tesla CEO Elon Musk tweeted his excitement for the event this morning. Roadshow In later updates, he added that he hopes initial construction will be completed this summer, so production for the Model 3 can begin by the end of the year. Share your voice Comments Tags Shanghai Giga will produce affordable versions of 3/Y for greater China. All Model S/X & higher cost versions of Model 3/Y will still be built in US for WW market, incl China.— Elon Musk (@elonmusk) January 7, 2019 Looking forward to breaking ground on the @Tesla Shanghai Gigafactory today!— Elon Musk (@elonmusk) January 7, 2019last_img