Tesla's plan to build a factory in China was confirmed. Tesla also said that there will be no major capital expenditures in China before 2019, first producing Model S and Model X models.
Last week, there was news that Tesla will establish a factory in China. In this earnings conference call, Tesla CEO Elon Musk officially confirmed the plan and disclosed it to the outside world. More details.
Musk said that the specific production time is still very vague, and will start production in the next three years or so, mainly to provide products for the Chinese and neighboring countries.
At the same time, Musk also said that although the Chinese factory will produce Model S and Model X models in advance, it will mainly produce Model 3 cars and entry-level Model Y crossover SUV models in the future, because cheap electric vehicles can be obtained in the Chinese market. Better performance. Asked about the capacity and scale of the Chinese factory in the future, Musk said that there will be at least hundreds of thousands of annual production capacity levels, and even more.
Of course, it is only the early stage of Tesla China's investment and construction. At the same time, Musk pointed out in the conference call that before 2019, there will be no major capital expenditure on the construction of Chinese factories.
In addition, the Wall Street Journal report confirmed Tesla's plan to build a factory in China. The report pointed out that the plant will be located within the Shanghai Free Trade Zone and will be built in a wholly-owned form, but Tesla will Pay the price of a 25% tariff.
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