Tesla to invest $188 mln to expand Shanghai factory capacity - Beijing Daily
plans to invest up to 1.2 billion yuan to expand production capacity at its Shanghai factory that will allow it to employ 4,000 more people at the site, state-backed Beijing Daily newspaper reported on Friday.
The investment amount was redacted in the document Tesla published on Nov. 23 on the platform when Reuters accessed the document on Friday.Tesla did not respond to a Reuters request for comment. Tesla's Shanghai factory was designed to make up to 500,000 cars a year, and currently has the capacity to produce Model 3 and Model Y vehicles at a rate of 450,000 total units a year.
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