Tesla Shanghai plant starts Model Y production with new cost-cutting methods -report

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BEIJING (Reuters) – Tesla (NASDAQ:TSLA)’s Shanghai plant has started Model Y production with new cost-cutting manufacturing methods, Chinese state media Shanghai Securities News reported on Wednesday.

The company pioneered the use of huge presses with 6,000 to 9,000 tons of clamping pressure to mold the front and rear structures of its Model Y in a “gigacasting” process that slashed production costs.