Tesla completes production capacity expansion at Shanghai plant - Shanghai govt
Reuters
Published Sep 19, 2022 04:37AM ET
Updated Sep 19, 2022 10:57AM ET
SHANGHAI (Reuters) - Tesla (NASDAQ:TSLA) completed a project to expand production capacity at its Shanghai plant on Monday, according to a statement on a Shanghai government platform for companies' environmental information disclosures.
Tesla will test the production lines for the upgrade during From Sept. 19 to Nov. 30, the statement added.
Reuters previously reported Tesla had been ramping up its output to reach a target of producing around 22,000 units of Model 3 and Model Y cars per week at the Shanghai plant.
Tesla did not respond to a Reuters request for comment.
The U.S. automaker planned to invest up to 1.2 billion yuan ($170 million) to expand production capacity at its Shanghai factory that would allow it to employ 4,000 more people at the site, state-backed Beijing Daily newspaper reported last November.
The project was originally expected to be finished in April, the Chinese media reported then.
($1 = 7.0169 Chinese yuan renminbi)
(This story refiles to correct paragraph 3 to say .. 22,000 units ..not.. 2,200 units)
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.