Tesla Shanghai factory experts and key investors exchanged conference calls and the production level information from the call from Shengang Securities was obtained by Ranjing Finance, on March 1, 2020.
Capacity increase is expected to start in July and can reach a capacity of 5,000 vehicles per week, that is, 20,000 vehicles per month.
In the first and second half of this year, the combined production capacity is expected to be about 170,000 vehicles.
Tesla is increasing localization of the supply chain for the Shanghai factory and this will lower their vehicle costs. The domestic production rate is around 40%. The mid-year is 70% localization and the end of the year is 100%. Tesla’s Chinese factory experts expect localization will ramp faster than the goals.
A video indicates that Tesla Shanghai has already reached 3000 cars per week.
SOURCES – David Lee on Investing, Ranjing Finance on Weixin QQ
Written By Brian Wang, Nextbigfuture.com. Note: Brian owns shares of Tesla
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