Tesla's Factory Breaks Ground in Shanghai

(China Daily, January 07, 2019)

US-based electric carmaker Tesla's Chinese factory has broken ground in Shanghai. The gigafactory is the largest foreign investment on record in Shanghai, and the first phase of factory will produce around 250,000 vehicles a year, including Tesla's Model 3. Moreover, the factory will combine the functions of research and development, manufacturing, sales and an electric vehicle innovation center, and will also have an annual output of 500,000 electric vehicles.