Tesla It will significantly expand its gigafactory in Shanghai and increase annual production to an additional 450,000 Model 3s and Model Ys beyond what it is already capable of producing. The company confirmed this by contacting the local authorities for help and assistance after a break due to an increase in cases of COVID-19.
Rumors about Tesla’s intentions to expand the Shanghai gigafactory have been circulating since February last year. Once completed, the total production capacity of the plant will be about 2 million vehicles per year.
These plans are separate and in addition to the ongoing expansion that Tesla is undertaking at its gigafactory in China, which began in December 2021 and was theoretically completed in April. In total, the company invested $188 million. and employ 4,000 more people.
A document sent on May 1st that he had access to Reutersconfirms the plans and details the huge efforts of the authorities to create a closed system in which factory workers slept indoors, and thus managed to guarantee work and at the same time prevent infection.
After a 22-day shutdown, Tesla’s gigafactory in Shanghai has resumed operations, managing to return to 80% of the facilities’ total production capacity.
Expansion of Tesla gigafactory in Shanghai is in line with Elon Musk’s plans
Elon Musk recently revealed that one of Tesla’s two main areas of focus for the coming years is a significant increase in car production. The other focuses on fully autonomous driving.
Tesla wants to maintain a production growth rate of at least 50% year-on-year through 2030. Growth was almost 100% between 2020 and 2021, rising from half a million vehicles to almost one million.
Tesla’s goal is to produce at least 1.5 million 100% electric vehicles by 2022. To do this, they recently opened a new Gigafactory in Berlin that will supply the European market, and another one in Austin that will exclusively manufacture the Model Y with 4680 batteries. Next year they will also produce the Cybertruck.
In addition to these two new openings, a gigafactory in Shanghai and an annual increase in production of almost half a million vehicles, this all but guarantees that Tesla’s expansion plans will be met.
Tesla has been reporting an increase in the number of vehicles delivered over the period since the first quarter of 2020. But above all, the first quarter of 2021 saw a significant jump in numbers.
At recent conferences after the announcement of financial results, the company mentioned that it is experiencing a significant increase in interest in electric mobility and has been producing fewer cars than it sells for several quarters. Demand far exceeds supply. Currently, if you want to buy a base Model 3 (white paint, 18-inch wheels, black interior), you’ll have to wait until May 2023.
Source: Hiper Textual
