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Reports surfaced recently that American electric vehicle (EV) firm Tesla would establish another production facility in the northeastern Chinese city of Shenyang – this has been denied by Tesla.
Tesla will suspend production at its Shanghai Gigafactory for two days as China tightens its pandemic prevention and control measures.
Tao Lin, Vice President of Tesla China, asserted via the country's Twitter-like platform Weibo on Wednesday that news circulating on the internet about the potential site of the firm's second factory in the country is not true.
On August 17th, it was reported that the production of the new model of Tesla's Model 3 has started at Gigafactory Shanghai.
Tesla's Q1 total revenue was $23.329 billion, as per documents submitted to the US Securities and Exchange Commission (SEC) on April 24th. Notably, Tesla's revenue in China in Q1 amounted to $4.891 billion with a year-on-year growth rate of 5.18%.
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.
On July 18th, it was reported that several employees of Tesla's Gigafactory Shanghai, recently received a significant increase in their performance bonuses for the second quarter of 2023. The bonus amount reached 1.5 times their monthly base salary.
As of August 23rd, Tesla has officially started to deliver to Europe the Model Ys produced in its Giga Shanghai factory.
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.
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 China chief Tom Zhu stepped down as legal representative of Tesla (Shanghai) Co., Ltd., but will remain its chairman. This may be another signal that Zhu is fading out of Tesla's business in China.
On Aug. 24, Tesla China’s official website quietly launched another localized Model Y with the pre-sale price ranging from 488,000 yuan to 535,000 yuan.