Grace Tao, Global Vice President of Tesla, announced via domestic microblogging platform Weibo on August 15 that the localization rate of Tesla China's supply chain has exceeded 95%, as the firm's Shanghai Gigafactory has now produced more than 1 million vehicles.
Tesla's Shanghai Gigafactory saw its one millionth production vehicle roll off the production line. Elon Musk, CEO of the US electric vehicle giant, shared the milestone on Twitter on August 15.
On August 2, Shanghai enterprises and institutions environmental information platform showed the details of a construction project in which part C of the second stage of Tesla's Gigafactory Shanghai Project (Phase I) was completed.
Tesla's Gigafactory Shanghai has completed its latest round of upgrades and is now producing new vehicles in large numbers. Thousands of cars are now being shipped to Europe from the Shanghai South Port terminal.
Tesla China said on July 3 that it has to date opened more than 1,200 supercharger stations and over 8,700 super charging piles on the Chinese mainland, covering more than 370 cities and regions.
Tesla plans to suspend most production at its Shanghai Gigafactory for the first two weeks of July to carry out upgrades to equipment.
Some Chinese web users recently claimed that Tesla would lower the terminal price of the China-made rear-wheel drive version Model 3 from its current price of 279,900 yuan to 219,900 yuan ($41,683 to $32,752). Tesla China denied the news.
Tesla Shanghai Gigafactory's output capacity is reportedly at basically the same level as before the lockdowns, and it is expected to restore normal production in June.
Tesla China released a recruitment message for R&D staff on Monday, covering more than 100 positions, with the workplace mainly in the Shanghai Lingang New Area.
Tesla anticipates increasing the production capacity of its Shanghai Gigafactory to pre-lockdown levels around mid-May, but it has not disclosed specific target figures.
According to information disclosed by Tesla to the United States Securities and Exchange Commission on Monday, the electric vehicle firm's revenue in China in the first quarter this year totaled $4.65 billion.
Tesla's Shanghai Gigafactory has gained approval from local authorities to resume production as early as today following a three-week stoppage.
Tesla released a report on April 2 indicating that in Q1, 2022, it delivered more than 310,000 vehicles globally, up by 67.7% compared with its delivery of 184,800 vehicles in the same period last year.
Tesla plans to stop production at its Shanghai plant for at least one day starting Monday as local authorities intensify restrictions on normal operations in response to a surge in COVID-19 cases across the city.
Tesla will suspend production at its Shanghai Gigafactory for two days as China tightens its pandemic prevention and control measures.