Tesla to invest $188 mln to expand Shanghai factory capacity - Beijing Daily

Reuters2021-11-26

SHANGHAI, Nov 26 (Reuters) - Tesla Inc plans to invest up to 1.2 billion yuan ($187.91 million) to expand production capacity at its Shanghai factory that will allow it to employ 4,000 more people at the site, state-backed Beijing Daily newspaper reported on Friday.

The newspaper attributed the information to a Shanghai government platform for companies' environmental information disclosures.

The investment amount was redacted in the document Tesla published on Nov. 23 on the platform when Reuters accessed the document on Friday.

Tesla did not respond to a Reuters request for comment.

The filing showed that expansion will allow Tesla to add 4,000 staff, taking the number of people the plant can employ to 19,000. There will be no change to the models the factory currently produces, according to the filing, which also did not specify how much production capacity will be increased.

Tesla's Shanghai factory was designed to make up to 500,000 cars a year, and currently has the capacity to produce Model 3 and Model Y vehicles at a rate of 450,000 total units a year.

The automaker's China sales are surging even though regulatory pressure is mounting following consumer disputes over product safety and scrutiny over how the firm handles data. Last month, Tesla said it had built a research centre and a separate data center in Shanghai to store data locally.

It currently ships China-made Model 3s to Europe, where it is building a factory in Germany. In October, it sold 54,391 China-made vehicles, including 40,666 for export, China Passenger Car Association data showed.

The Shanghai factory is wholly owned by Tesla and is the first and only foreign passenger car plant in China exempt from being operated by a joint venture.

($1 = 6.3860 Chinese yuan)

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

  • rachoo
    2021-11-26
    rachoo
    :)
  • Aloynty
    2021-11-26
    Aloynty
    This should cushion any drops going into weekend. Happy Black Fri ya all
  • raln27
    2021-11-26
    raln27
    👍
  • domobc
    2021-11-26
    domobc
    Ok
  • Godofwar
    2021-11-26
    Godofwar
    Great
  • LMC90
    2021-11-26
    LMC90
    Like please
发表看法
23