5/4, 10:41 AM (Source: TeleTrader)
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Tesla plans 450,000-unit assembly line in Shanghai - report

Tesla Inc. plans to open a new vehicle assembly line at its Gigafactory 3 in Shanghai, the South China Morning Post reported on Wednesday. The line will manufacture the Model 3 and Model Y cars and have a yearly production capacity of 450,000 units, according to sources. A letter from the company to local authorities showed it has chosen a location for the assembly line, with no indication of when it will start production.

The Shanghai factory was forced to close on March 28 due to a COVID-19 outbreak in the city. Production resumed on April 18, although vehicle manufacture has not yet returned to full capacity.

Baha Breaking News (BBN) / DJ