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· Tesla announced that the price of the Shanghai plant construction plan in the Chinese market may be lower
"We are about to announce some progress in China." At the Tesla shareholders meeting yesterday, relevant executives disclosed plans for Tesla to build the company's first overseas factory outside the US in Shanghai, China. The CEO and Chairman of the company, Elon Musk, also said that unlike the first super-factories, the next-generation manufacturing plant "Dreadnought" will be able to assemble vehicles and produce electric vehicle batteries at the same time.
Ren Yuxiang, global sales director of Tesla, said that he was very excited to build the first Tesla super factory outside the US in Shanghai. He also revealed that Tesla is negotiating with the Chinese government and is very much looking forward to the next cooperation, and said that it is expected to announce more details soon.
Tesla currently operates a super battery factory in Nevada, USA, and an electric vehicle assembly plant in California to produce the company's lineups including the Model S, Model X and Model 3.
According to the analysis, for Tesla, setting up a new plant in China will not only increase production capacity, but will also help reduce tariffs and overseas transportation costs, and will also help Tesla electric vehicles in the Chinese market. The price is further reduced.