Tesla's 2023 Investor Day will share news about long term expansion plans, a new generation platform, and planned capital allocation.
came after Tesla negotiated with the country for months, especially discussing the Southeast Asian nation’s rich supply of nickel — a crucial mineral for building electric vehicle batteries.
China will become particularly important as both a production hub and sales revenue generator. Even with the backdrop of Covid shutdowns, Shanghai is Tesla’s largest and most productive factory, with appealing supply chain networks feeding into it. The company’s Q2 2022 update shows the importance of the Shanghai Gigafactory and its role as the company’s main export hub.
, also called Tom Zhu, to oversee Tesla’s US assembly plants and sales operations in North America and Europe. Zhu was previously Tesla’s vice president for Greater China.is made up of Megapack production and vehicle castings in Lathrop, hardware and software engineering in Palo Alto, vehicle and battery manufacturing in Fremont, battery development and testing in San Diego, and vehicle design in Hawthorne.
. The Fremont factory has limited room to expand, though, with the maximum potential to produce up to 550,000 Model 3/Model Y a year plus up to 100,000 refreshed Model S/Model X a year.now producing EVs, the automaker is looking to significantly increase output and sales. While it’s currently producing and selling far fewer units than legacy automakers in the country, Tesla is targeted to grow to 500,000 in Berlin by 2024.it will be investing over $3.
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