Shanghai plant to boost Tesla 3

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  • 8 months ago
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Tesla (NASDAQ:TSLA) is planning to produce 3,000 Model 3 sedans per week at its Shanghai plant, meaning nearly one-third of the vehicles could be made in China in the near future.

The EV maker said it would need about two years to build the factory and commence production, and already plans to start transferring part of Model 3 production to China - Tesla's largest overseas market - in 2019.

Source : Wallstreet Journal