China Daily newspaper reported today that both the Shanghai government and the company have confirmed that the construction work of the Tesla Shanghai Gigafactory 3 is faster than expected.
Tesla, the US automaker, is accelerating the construction of the Mega Factory in China and will start producing cars in the second half of next year much earlier than planned.
The China Daily newspaper reported today that both the Shanghai government and the company founded by Elon Musk have confirmed that the construction work of the Tesla Shanghai Gigafactory 3 is faster than expected
According to the initial estimates, it was planned that it would take about two years for the Shanghai plant to start production and then another two or three years before it reached its maximum level of 500,000 cars per year.
Last October, the car company confirmed that it has signed a land-lock agreement for the next 50 years to build the first factory outside the United States.
The government of Shanghai has pointed out in social networks that land alignment is over and that construction will soon begin.
This factory will allow Tesla to accelerate its plans to expand the world's largest electric car market, where it has reached 777,000 units last year and may exceed one million this year, according to the Chinese Automobile Manufacturers Association.
Acquired land is in the Lingang area, a government-designed area for the development of new energy vehicles and intelligent manufacturing where there are more than 20 car and auto manufacturers.
Tesla is currently importing all the cars it sells in China from the US, so a factory in China will cut delivery costs and tariffs.
It will be able to compete with bigger advantages over national companies such as BYD Auto and BAIC Group, who have positioned themselves in the past years as industry leaders in a country where the government encourages the purchase of this type of vehicle as a strategy to combat high degree of contamination.
In May last year, 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 the restrictions so that foreign manufacturers no longer have joint subsidiaries to operate.