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Tesla Chinese Gigafactory

We have covered Tesla's entry into China closely. As you know, they are flying ahead with the construction of the Gigafactory 3. This video shows the amazing progress in just 1 year.





Yesterday it was reported that China's Ministry of Industry and Transportation added Tesla to a list of approved automakers. This gives Tesla the full go ahead to start production by April 2020. Despite all the animosity between China and the US at the moment, Elon Musk has been able to woo the Chinese officials. I suppose building a $2bn production facility in Shanghai helps.

Tesla will be able to sell their Vehicles made in China for a much cheaper price because they will avoid the import duties. China is already the worlds largest EV market. I would suspect that most of the vehicles produced in China will be bought in China. Maybe in a few years they can focus on exporting.


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