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Tesla to double factory capacity in China – up to 1 million electric vehicles per year

News Snapshot:

Tesla has decided to radically increase the production capacity of its plant in Shanghai. The company has requested permission from local authorities to build new production facilities and hire additional employees. Tesla’s goal is to increase mass production to 1 million electric cars by the fourth quarter of 2022. Late last year, Tesla founder and CEO Elon Musk said that Gigafactory Shanghai had surpassed the company’s first and main enterprise, the plant in Fremont, California, in terms of production speed. Thus, China became the automaker’s key export center in 2021 – thanks to this division, Tesla ended the year with…

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