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A transformation plan for Tesla's Shanghai Gigafactory has been launched this month, in which the second-stage production line was successfully updated on July 16. Meanwhile, adjustments to the factory's first-stage production line expected to complete by August 7.
In response to the market rumors about Tesla's Shanghai factory producing a new version of Model Y, Tesla China stated to reporters, 'This is false information.'
Elon Musk confirmed in an earnings call Wednesday that Tesla will cut the price of the Model 3 in China to meet the new eligibility for subsidies.
During an online speech at the opening ceremony of the Third Qingdao Multinationals Summit on Sunday afternoon, Grace Tao, Global Vice President of Tesla, said that the Shanghai Gigafactory contributed half of its global delivery in 2021.
According to the Environmental Information Release Platform of Shanghai Enterprises and Institutions, a production line optimization project for the second stage of Tesla Gigafactory Shanghai (Phase I) was completed on September 1.
Although the young people working in Tesla's Shanghai Gigafactory have relatively higher wages, a tight production pace leads to a higher turnover.
Tesla's Gigafactory in Shanghai has played a significant role in the company's production and sales, accounting for 50% of its output. The factory has achieved an impressive gross margin of over 30%, owing to its efficient layout, optimized processes, cost-effective land acquisition, streamlined supply chain management, and skilled human resources.
According to a news released by the China Passenger Car Association (CPCA) on December 5, Tesla's Shanghai Gigafactory delivered 100,291 electric vehicles in November, setting a new monthly delivery record again.
Tesla has confirmed plans to build a new production facility near its current factory in Shanghai's Lingang New Area, in order to expand production capacity.
Tesla announced on July 25 that the production of its Model 3 electric vehicles will start in the Shanghai Gigafactory by the end of the year.
Tesla's Vice President of Manufacturing and General Manager of the Shanghai factory, Song Gang, submitted his resignation several months ago.
Tesla’s Gigafactory Shanghai has entered its second phase of construction after the first phase was completed in less than one year.