Tesla's Cheap Car Will Be Produced in Shanghai Factory
Tesla is preparing to start construction of the third phase of its Gigafactory in Shanghai. In the new phase, Tesla's cheap car worth 25 thousand dollars will be produced. This car will enable Tesla to gain a greater share in the electric vehicle market. The car is expected to go on sale in 2025.
Tesla Will Build a Battery Factory in Shanghai
Tesla announced in April that it would establish a 40 GWh battery factory in Shanghai. This factory will become operational in the second half of 2024. Along with the battery factory, Tesla will also build the third phase of the Gigafactory in Shanghai. In this phase, Tesla's cheap car worth 25 thousand dollars will be produced.
What Will Tesla's Cheap Car Be Like?
Tesla's $25 thousand cheap car is a project announced by the company's CEO Elon Musk in 2020. This car will be smaller and simpler than Tesla's models such as Model 3 and Model Y. The design and features of the car are not yet clear. However, it is estimated that the car will use Tesla's new generation battery technology and have autonomous driving capability. The car is planned to hit the market in 2025.
Production Capacity of Tesla Shanghai Factory Increases
Tesla completed the first phase of the Gigafactory in Shanghai in 2019. In this phase, Tesla's Model 3 and Model Y models are produced. The factory has an annual production capacity of 1.1 million vehicles. The production quantity of the factory, which produced 850 thousand vehicles until November this year, increased by 30% compared to last year. The Shanghai factory is known as Tesla's most efficient factory. While a vehicle can be produced in 76 seconds in the Texas factory, a vehicle can be produced in 37 seconds in Shanghai. According to Bloomberg's report, Tesla plans to increase the capacity of its Shanghai factory to 2 million vehicles.
With the third phase of the Gigafactory in Shanghai, Tesla will compete more in the electric vehicle market with its cheap $25 car. Tesla's cheap car will be sold in other countries as well as China. Tesla's cheap car will increase the demand for electric vehicles and offer an environmentally friendly transportation option.