Tesla begins construction of GW factory in China
As the US and China resume fraught negotiations on trade issues, Tesla has begun building a new production facility for its electric cars in Shanghai.
The Californian electric car manufacturer had asked U.S. President Donald Trump not to apply a special duty of 25% to its Chinese made onboard computer for the company’s new Model 3. Mr. Trump responded by imposing tariffs on Chinese goods, prompting Beijing to slap counter duties on U.S. imports.
Tesla announced the start of construction of a new GW-scale plant in Shanghai in the middle of last year and secured land for it in the fall. The factory is the first outside the United States for the carmaker. On Monday, the foundation stone for the new production plant was laid in the presence of Tesla CEO Elon Musk and Shanghai Mayor Ying Yong.
Mr. Musk announced on Twitter that construction will be completed in the summer and production of the Model 3 should start by the end of the year. The vehicles made at the facility will be sold in China. In Shanghai, only the lower-priced models 3 and Y will be made, Musk went on to add. Higher priced models will continue to be produced in the U.S. – including those intended for the global market, said the CEO.
According to Bloomberg, Tesla’s new factory will cost around $5 billion. With a planning stage that stretched to four years behind it, the city government in Shanghai said the factory is the largest foreign investment ever made in its territory.
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Here we go: “Mr. Musk announced on Twitter that construction will be completed in the summer and production of the Model 3 should start by the end of the year. The vehicles made at the facility will be sold in China. In Shanghai, only the lower-priced models 3 and Y will be made, Musk went on to add. Higher priced models will continue to be produced in the U.S. – including those intended for the global market, said the CEO.”
Doesn’t hurt to be on top of the source for a great deal of the elements used in lithium ion batteries. His announcement recently of the Megapack a large scale energy storage system that TESLA claims a 250MW/1GWh energy storage system installed on 3 acres in 3 months. Will require another Giga-factory and probably another Giga-factory in the European union, just to meet energy storage demands.
Looking forward to find a solar farm buyer, industrial land & permit for 170 MW is available.
In N. W. Nevada, south of T R I industrial park , South of Tesla, Panasonic Giga Factory, close to 50 plus strong logistics companies ( including but not limited to , SWITCH , WALMRT N.W
.DISTRIBUTION CNTR, AMAZON , APPLE & etc.
Lithium-polymer batteries are not only difficult and expensive to transport internationally , but largely inefficient in comparison to hydrogen. Hydrogen is the best energy source.
So, no future with Tesla in Shanghai.
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