Tesla to build its 300,000th EV this year

Tesla to build its 300,000th EV this year

Tesla’s Shanghai Gigafactory is set to produce its 300,000th electric car this year. The company's upcoming annual general meeting is also planned to take place on 7th October, at a new production facility currently under construction in Texas.

Tesla wants to reach a cumulative production figure of 300,000 electric vehicles in China by the end of September, according to a report from Reuters. Tesla previously stated that the Gigafactory 3 in Shanghai had an annual capacity of 450,000+ - instead of 450,000 in its annual report, when it released its Q2 figures.

The carmaker also announced that the site had completed its transition to a “primary vehicle export centre”, meaning European demand, among other things, is currently served from there. However, the 450,000+ figure also means that Tesla will have to increase output again in the fourth quarter.

Elsewhere, Tesla is planning its next virtual general meeting for 7th October – at its new factory in Texas, according to an official announcement. The choice of location fuels rumours that the start of production of the Model Y could be announced at the meeting.

In its second-quarter annual report, Tesla said it planned to start up the Texas Gigafactory this year: “We believe we remain on track to build our first Model Y vehicles in Berlin and Austin in 2021.” But the statement also came with a slight caveat: “The pace of respective production ramp-ups will be influenced by the successful introduction of many new product and manufacturing technologies, ongoing supply chain challenges and regional approvals.”

Meanwhile, the construction of another Tesla manufacturing facility – in Lathrop, California – is also attracting attention because the company is building a ‘megafactory’ for stationary battery storage. This could bring relief for the Gigafactory in Nevada in future, where both electric car batteries and stationary storage are currently produced.

Olly Goodall

Author:Olly Goodall
Date Updated:29th Sep 2021

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