Facility showcases its exciting proposition at the 2024 arabian travel market
uae10 hours ago
Tesla Inc plans to increase its production capacity for certain car parts at its $2 billion factory in China, according to a government document seen by Reuters, as it pushes to localise its supply chain in the world's biggest auto market.
The US automaker, which started delivering Model 3 electric sedans from its Shanghai factory in December, plans to add lines to make more battery packs, electric motors, and motor controllers, according to the document submitted by Tesla to Shanghai government.
Tesla, which as of end-December used about 70 per cent imported parts for the cars it made in China, did not immediately respond to a Reuters request for comment.
But according to the document, Tesla wants to almost double its annual building capacity for cooling pipes, a key part in a car's heat management system, to 260,000 sets a year from 150,000. It did not provide capacity details for other parts.
The planned production line will not include battery cell manufacturing but will package out-sourced battery cells at the plant, the document said.
Tesla has previously said it wants to localise its entire supply chain in China by the end of this year.
The company is also building an additional stamping line to speed up car production in Shanghai, according to construction documents seen by Reuters.
The Shanghai factory is key to Tesla's growth strategy. There it aims to produce 150,000 Model 3 sedans and later hike output to 250,000 a year, including the Model Y, according to a Shanghai government filing in 2018.
The company aims to deliver more than 500,000 vehicles globally by end-2020.
Tesla's production and delivery plans in Shanghai, however, have been disrupted by a coronavirus outbreak that has killed more than 3,100 people in the world's No.2 economy. Passenger car retail sales in China plunged around 80 per cent in February due to the epidemic, industry data shows.
Facility showcases its exciting proposition at the 2024 arabian travel market
uae10 hours ago
Dube has established himself as one of the most destructive middle-order batters in the IPL, scoring 350 runs at a 170-plus strike rate
cricket10 hours ago
Fraser-McGurk has blasted 309 runs in seven matches for the Delhi Capitals at a strike-rate of 235.87
cricket10 hours ago
The mayor of Seoul also extended a cordial invitation to the RTA to participate in the upcoming Seoul Smart Life Week
uae10 hours ago
The units are equipped to transform residences into golfing sanctuaries while eradicating the limitations of weather, seasonality and tee times
sports11 hours ago
When the Paris opening ceremony begins on July 26, it will be the first time the city has played host for a century after previous editions in 1924 and 1900
sports11 hours ago
This decision to invite players outside of the top 100 has precedents which is an interesting initiative to watch
sports11 hours ago
Saudi Arabia's Abdullah Al-Qahtani meets Morocco's Taha Bendaoud in the main event
sports11 hours ago