Tesla completes production capacity expansion at Shanghai plant – Shanghai govt

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEI8I08R_L.jpg

Tesla (NASDAQ:TSLA) will test the production lines for the upgrade during From Sept. 19 to Nov. 30, the statement added.

Reuters previously reported Tesla had been ramping up its output to reach a target of producing around 2,200 units of Model 3 and Model Y cars per week at the Shanghai plant.

Tesla did not respond to a Reuters request for comment.

The U.S. automaker planned to invest up to 1.2 billion yuan ($170 million) to expand production capacity at its Shanghai factory that would allow it to employ 4,000 more people at the site, state-backed Beijing Daily newspaper reported last November.

The project was originally expected to be finished in April, the Chinese media reported then.

($1 = 7.0169 Chinese yuan renminbi)