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by Eva Fox November 13, 2019

1 Comment

Today, November 13, the official website of the Ministry of Industry and Information Technology published a report stating that the relevant provisions of the "People's Republic of China Administrative Licensing Law" and the "Decision of the State Council to establish administrative licensing for administrative approval points that should be retained" are now allowed. Cars, motorcycles, manufacturers and products for tricycles will be announced (325th batch), as well as the “Catalog of Recommended Models for the Promotion and Use of New Energy Vehicles” (10th batch in 2019).

Among them, the 325th batch of “Enterprises and Products of Road Transport” showed that it agreed to establish an enterprise producing exclusively electric passenger vehicles in “Announcement”, the company name: Tesla (Shanghai) Co., Ltd.

A Beijing News reporter confirmed to Tesla that the Shanghai Tesla super factory was approved for production.

This means that Tesla officially obtained a serial production license from the Ministry of Industry and Information Technology of China.

Image credit: cjsina

 

But automakers in China must also obtain approval for their products for local sale. So far, the Chinese authorities have yet to confirm whether Tesla has received such permission.

Remind to you, that Tesla Gigafactory 3 is the largest foreign investment project in Shanghai's history. The plant, located in Lingan Free Trade Zone, about 40 kilometers from Pudong Airport, was built at lightning speed in less than 10 months. Read more about this in our article: "Tesla Shanghai Gigafactory and China-made Model 3: Summary".

The Chinese market is indeed a very important source of revenue for Tesla. In the first three quarters of this year, Tesla's car sales in China totaled $ 2.138 billion, well over $ 1.445 billion in the same period last year.

The completion of the Shanghai Gigafactory is the key to further opening the Chinese market to Tesla.

For Tesla, Shanghai Gigafactory is of utmost importance to the company's total production capacity to reach 500,000 units per year. The Shanghai Gigafactory is expected to operate with a capacity of 3,000 Model 3 per week.

Photo credit: Chao Zhou

 


1 Response

Steven Fierberg
Steven Fierberg

November 14, 2019

I’m not sure this is really true. There is no mention of this on either Global Times or Shine, the chinese newspapers covering Tesla. There were NO trucks at the facility yesterday, according to drone footage. Elon has not mentioned it on his blog. The stock has retreated almost back to yesterday’s closing. I WISH it were true, but I have to say that I now doubt that this is the clearance necessary for them to begin full production. There is something else holding them back.

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