Tesla’s Shanghai Gigafactory 3 will produce electric cars for India and other Asian countries along with China. Tesla maybe able to saturate China and enter other markets such as India with electric vehicles that are immediately competitive in price.
Reports indicate Tesla will target 3000 cars per week initially at GF3 and then scale to 500K per year full max capacity. Tesla maybe able to produce 700-800K cars in 2020.
The building for the Tesla Gigafactory 3 was recently completed. They are working on the assembly line equipment installations.
$tsla GF3 initial output 3K/week, full capacity 500K/year. Think about $GM sold 814K cars in China in Q1. That will lose to Tesla big time. GF3 will also export cars to India (first few batches still from US.) we are looking at 700k to 800k output in 2020, a double yoy. pic.twitter.com/dsgx44R6al
— Ming Zhao (@mingcalls) May 24, 2019