Giga Shanghai

Report: Tesla Giga Shanghai Will Strive to Reach 523K Annual Production Capacity this Year

Report: Tesla Giga Shanghai Will Strive to Reach 523K Annual Production Capacity this Year

Photo: Tesla

The first official deliveries of Model Y have already begun, and the production capacity of the Shanghai Gigafactory continues to increase. Chinese Industrial Securities report that this year the production capacity of Tesla's Chinese factory will be 523,000 units.

According to the forecast of Chinese Industrial Securities, based on the production capacity of the Tesla factory, Giga Shanghai will produce 523,000 electric vehicles this year, of which 278,000 are Model 3 and 245,000 are Model Y. About 120,000 vehicles produced this year will go for export.

It is reported that the plant's weekly capacity in early 2021 will reach 8,000 vehicles per week, of which will be 5,000 Model 3 and 3,000 Model Y vehicles. By the end of the year, the factory will be able to increase production even more, as it did with Model 3, which will ensure production of even more l cars. The firm predicts Model Y local sales to be around 10,000 per month at the start of the year, 12,000 to 13,000 units in the middle of the year, and will gradually reach 15,000 units by the end of the year.

The projected annual production capacity for Model Y is 250,000 electric vehicles. Initially, the company aims to achieve production of 3,000 vehicles per week, with a subsequent increase in production volumes. The company also plans to gradually increase the production of Model 3 even more. Thus, the planned annual production capacity of Giga Shanghai for Model 3 and Model Y will be about 523,000 units per year.

With existing production facilities, in just two years of the existence of a factory in China, Tesla plans to achieve production of about 500,000 units, which is equal to the total number of cars produced by all of the company's factories in 2020. However, this is just the beginning. Tesla is currently actively expanding its production facilities at Giga Shanghai, building new buildings that will be operational by 2022. Ultimately, this will lead to the factory being able to produce about one million vehicles per year, which is in line with the plan of Tesla CEO Elon Musk.

© 2021, Eva Fox. All rights reserved.


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About the Author

Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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