Tesla Shanghai Gigafactory to produce over 1 million vehicles per year Tesla’s Shanghai Gigafactory is moving towards the goal of producing more than 1 million vehicles per year. The Tesla Shanghai Gigafactory is the company’s first manufacturing plant in China. It is also China’s first electric car plant wholly-owned by a foreign automaker, and the third Gigafactory built by the company in the world. The plant currently produces Model 3 and Model Y. Starting in January this year, with the start of mass production of the Chinese Model Y, Tesla’s production and sales in China have seen faster growth. Earlier,…