A transformation plan for Tesla's Shanghai Gigafactory has been launched this month, in which the second-stage production line was successfully updated on July 16. Meanwhile, adjustments to the factory's first-stage production line expected to complete by August 7.
Tesla's Shanghai Gigafactory now reportedly has an annual production capacity of more than 750,000 units, making it the company's largest facility, according to a second-quarter earnings report released on July 20.
During an online speech at the opening ceremony of the Third Qingdao Multinationals Summit on Sunday afternoon, Grace Tao, Global Vice President of Tesla, said that the Shanghai Gigafactory contributed half of its global delivery in 2021.
The vessel Glovis Splendor carrying 4,767 electric vehicles produced by Tesla's Shanghai plant departed on Wednesday from Shanghai's Nangang Port to overseas.
Tesla has confirmed plans to build a new production facility near its current factory in Shanghai's Lingang New Area, in order to expand production capacity.
Tesla's Shanghai Gigafactory, which had been closed for nearly three weeks due to the pandemic, resumed work on Tuesday.
Tesla China's official website showed on Thursday that the basic price of its Model Y rear-wheel drive electric vehicle was raised by 15,060 yuan ($2,373) to reach a total of 316,900 yuan ($49,921).
According to media sources recently invited to visit Tesla's Shanghai car factory, the combined annual output of Model Ys and Model 3s at the location has reached 450,000 vehicles.
Tesla's Shanghai factory struggled to resume operations at full capacity on May 6 as planned after the five-day national holiday, and the standstill will likely last until May 9.
Elon Musk confirmed in an earnings call Wednesday that Tesla will cut the price of the Model 3 in China to meet the new eligibility for subsidies.
Tesla’s Gigafactory Shanghai has entered its second phase of construction after the first phase was completed in less than one year.
Tesla's Gigafactory in China has been producing a large amount of Tesla Model 3 vehicles, however the company is still waiting for the official approval to begin selling the cars.
The Made-in-China Tesla Model 3 will be showcased at the Guangzhou International Motor Show on November 22.
On the morning of October 24, Tesla released the Q3 financial report for 2019. It shows that its profits reached $143 million, with the company’s per car revenue rate increasing by 22.8%.
Electric car maker Tesla’s landmark gigafactory in Shanghai has officially received the required power supply for preliminary production from the State Grid Corp of China.