Tesla Has a "Green Light" to Start Production in China

Tesla gets green light to start producing EVs in China

Workers are seen at the construction site of USA electric carmaker Tesla's Gigafactory in Shanghai, China September 28, 2019.

Tesla was included on a list of vehicle manufacturers that China's Ministry of Industry and Information Technology released Thursday for consideration for approval and public review, which runs to October 23.

Reuters revealed recently that Tesla intends to begin generation at its China industrial facility this month.

The rundown was distributed by the Ministry of Industry and Information Technology. Song Gang, Director of Manufacturing for Tesla Greater China, said: "State Grid Shanghai Electric Power Company has started cooperating with us in all dimensions, and carried out preparatory work for the project in advance". Tesla could start production at any time, as informed by Zhang. Tesla is permitted to begin production immediately. Tesla's gigafactory is the first entirely foreign owned auto factory in China. Considering uncertainties around deliveries, manpower, and distributors, it is unknown when it will reach year-end production targets.

"We aim to start some production in October, but the actual production volume depends on many factors including auto orders we received, performance of newly hired workers, supply chain and so on", a Tesla source told Reuters.

The electric vehicle maker plans to produce a minimum of 1,000 model 3s per week from the Shanghai factory by year end. China has exempted Tesla from a 10% sales tax, and the company - founded by Elon Musk - has also secured hundreds of millions of dollars in loans from local banks.

Related:

Comments

Latest news

Brexit Betting Odds Rocked After Johnson And EU Agree Deal
Representatives at Stormont will be given the opportunity to vote on the terms of the rules every four years. He also held open the door from the U.K.to rejoin the bloc at some point.

Trump hopes to fire up North Texas Republicans
Trump also continued his attacks on former Vice President Joe Biden, and his son, Hunter's work for a Ukraine energy company. Governor Dan Patrick and Senator John Cornyn spoke to the crowd ahead of Trump's arrival on stage.

Nationals Reach First World Series in Franchise History
Cardinals: Their next game will come in spring training, an exhibition at home in Jupiter, Florida, on February 22. The Astros now hold a 2-1 series lead heading into Game 4, which is scheduled to be played on Thursday evening.

Egypt archaeologists find 20 ancient coffins near Luxor
Apply HEADLINEZPRO for most up-to-date election news and reside protection of meeting elections 2019 in Maharashtra and Haryana. The site also gave researchers another way to understand what daily life might have been like for laborers at the workshops.

Hitman Rohit Sharma scores another century as he completes 2000 Test runs
Rohit Sharma raced to his third ton in this series with a fast-paced knock studded with 13 boundaries and four sixes. Rahane also played a pivotal role in the partnership as he brought up his 21st 50-plus score in Test cricket.

Other news