Tesla Said to Invest Up to $187 Million to Expand Gigafactory Shanghai: Report



According to China’s state-backed Beijing Daily newspaper, Tesla is said to spend up to 1.2 billion yuan ($187.91 million USD) to expand its Gigafactory in Shanghai, reports Reuters.

The reported investment by Tesla would allow the electric automaker to support over 4,000 new jobs. According to the Beijing Daily, information comes from environmental disclosures found within a Shanghai government platform.

Reuters says the financial amount invested was redacted in the filing, published on November 23. The document said Giga Shanghai would be able to support up to 19,000 workers. No changes to Tesla models being made at the factory were noted in the filing.

Giga Shanghai is currently able to manufacture over 450,000 Model 3 and Model Y vehicles annually. Demand for Tesla vehicles in China are surging, with estimated delivery dates well into 2022.

Back in October, China Passenger Car Association data showed Tesla had produced 54,391 vehicles made at Giga Shanghai, with 40,666 exported to Europe and beyond.

Tesla is the only foreign automaker with its own wholly-owned factory in China, that is not required to be operated in a joint venture.

You can see a flyover of Gigafactory Shanghai’s expansion below, from November 18, 2021:

The image below shows the scale of Tesla’s factories under construction and those already established:

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