It's worth noting that Tesla was the first foreign carmaker that was allowed to open a wholly-owned manufacturing site, instead of a 50/50 joint venture in China.
Currently, Giga Shanghai factory is producing mostly Model Y . Most recently, the plant started production of the significantly refreshed Model 3. The Chinese factory initially was focused on the local market, but later it became Tesla's main export hub, supporting surrounding markets, as well as Europe and recently Canada.
Through the end of July, exports exceeded 215,000, while local sales 325,000. It's possible that exports will continue to increase, matching local sales at some point in the future. One of the main questions is whether the Giga Shanghai will also produce new Tesla cars - especially the new, affordable ones , or if it will stick with the Model 3/Model Y duo.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »