Tesla Announces Plans to Produce 3,000 Cars a Week at China Factory

04 November, 2018, 17:02 | Author: Brooke Harris
  • Tesla CEO Elon

The company initially planned to produce 250,000 vehicles and battery packs a year at the Chinese factory, now the company plans to produce 3000 Model 3 sedans a week in order to offset the cost of tariffs imposed by the Chinese government on US -manufactured vehicles.

The company had also shared that the Model S and the Model X sales in China have been hurt by the current tariffs imposed by the Chinese government on U.S. manufactured vehicles.

Recall that China has chose to take action in response to the "customs war", launched by US President Donald trump, and increased customs tariffs on American goods by $60 billion.

The filing includes plenty of legal language warning the time frame on its production targets was "subject to a number of uncertainties, including regulatory approval, supply chain constraints, and the pace of bringing the factory online".

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Tesla Inc. has reached an agreement with the Chinese government to build an assembly plant in China.

"Ultimately, achieving increased Model 3 production cost-effectively will require that we timely address any additional bottlenecks that may arise as we continue to ramp, achieve reduced labor hours and increase supplier capacity", the Tesla filing read. It is the company's first factory outside the United States, which was believed to be able to double the size of the electric vehicle maker's global manufacturing.

China is the largest market for electric vehicles, and most forecasters predict that electric-vehicle sales in the country will accelerate rapidly as government regulation drives toward a goal of 100-percent electric vehicles by 2030.

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