TESLA is an American multinational corporation based in Palo Alto,California. TESLA deals in electric vehicles, lithium ion battery energy storage ,and solar panel etc

RECENTLY, Shanghai government approved Tesla to make a gigafactory in somewhere Shanghai

According to a Bloomberg,Tesla will have the capacity to produce a 5,00,000 vehicles per year.

Tesla CEO Elon Musk also aims to maintain a production output of 5,00,000 vehicles per year from its Fremont plant in California

tesla new gigafactory

 Tesla CEO also said doubling the brand’s targeted production.This new Chinese company will be located in Shanghai’s free-trade zone, which suggests that this 47-square-mile area will become home to gigafactory 3

 

The new company, Tesla (Shanghai) Co Ltd, was set up with 100 million yuan (around Rs 103 crore).

 

 

According to Sina Finance, it will focus on “technical development; technical services; technical consultation; technology transfer in the field of electric vehicles, spare parts, batteries, and energy storage equipment; electric car display; and product promotion.”

 

 

Recently,Tesla CEO  Elon Musk announced that the model 3 sedan and upcoming Model Y SUV make in the factory

Last year, the Tesla boss had also announced that a European Gigafactory will come up, soon. Expectation is that it is the company’s fourth – although that factory appears to be some way off.
Tesla’s well-documented production troubles with the entry-level Model 3 have led to a heavy investment in the company’s first Gigafactory to quell ‘production bottlenecks’ and reach delivery targets for the car.

 

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