gigafactory
The existing Giga Shanghai just reopened from local Covid restriction at the end of April. Tesla Plans Second Plant In ShanghaiTesla Inc (NASDAQ:TSLA) disclosed the project of constructing a new factory in Shanghai to more than double production capacity and turn Shanghai into ‘the world’s largest vehicle export hub’, according to a thank you letter to local Shanghai Pilot Free Trade Zone in Lingang Area. Had the second plant finished, Tesla would be able to produce 450,000 more cars annually, including Model 3s and Ys. The total annual output will hit one million vehicles, plus the current ca...
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Tesla Inc (NASDAQ:TSLA) opened its Brandenburg Gigafactory in Berlin, Germany, and delivered the first vehicles on March 22. With an expectation of 500,000 cars a year, the facilities are touted as one of the most strategic moves by the giant electric vehicle (EV) manufacturer in over a decade. Q4 2021 hedge fund letters, conferences and more Feeding The European MarketTesla’s Gigafactory is the largest factory of electric cars in Europe. Built on three km² of land just outside Berlin, Elon Musk’s company invested billions of dollars into the project, which was built at Tesla’s own risk withou...
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Tesla Inc (NASDAQ:TSLA) has never favored bureaucracy, and it has proved it once again by deciding to withdraw a funding request for the long-awaited Gigafactory in Berlin. Earlier in 2021, the European Commission had approved a public aid of 12,000 million euros to 42 companies, Tesla included. Q3 2021 hedge fund letters, conferences and more The money is intended to promote projects of battery cells for electric cars, and Tesla was entitled to $1.28 billion. Tesla Wants No HelpAlthough the construction plans for the new German factory in Brandenburg remain unchanged, Tesla has decided to con...
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