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Nov 26, 2021

Tesla Announces $188M Production Capacity Expansion In Shanghai

Posted by in category: sustainability

Tesla’s Shanghai Gigafactory will see an expansion of its manufacturing capacity as the US company announced new investment of 1.2 billion yuan ($188 million) into the plant.

The facility’s manufacturing area will be increased while including a certain level of environmental protection investment, Tesla disclosed in a new environmental impact assessment report published on Shanghai’s corporate environment information public platform.

According to state-run Global Times website citing information disclosed in the assessment report, Tesla will upgrade the plant’s phase one production lines by investing 1.2 billion yuan ($188 million) in the project, of which 85 million yuan ($13.3 million) will be allocated for environmental protection.

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