• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 5 hours americavchina.com (otherwise known as OilPrice).
  • 30 mins Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 8 hours Forget The Hype, Aramco Shares May be Valued At Zero Next Year
  • 23 hours Natural Gas
  • 1 hour Iraq war and Possible Lies
  • 13 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 1 hour POTUS Trump signs the HK Bill
  • 2 days Everything you think you know about economics is WRONG!
  • 2 days Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 4 hours READ: New Record Conoco Eagleford Vintage 5 wells, their 5th generation test wells . . . Shale going bust . . . LAUGHABLE
  • 18 hours My interview on PDVSA Petrocaribe and corruption
  • 1 day Aramco Raises $25.6B in World's Biggest IPO
  • 2 days 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 1 day Winter Storms Hitting Continental US
The World’s 10 Biggest Polluters

The World’s 10 Biggest Polluters

As carbon dioxide emissions become…

The Remarkable History Of Solar Energy

The Remarkable History Of Solar Energy

The benefits of solar energy…

Tesla Set To Start Production At China Gigafactory In H2 2019

Tesla China

Tesla is expected to begin partial production at its first factory in China in the second half of 2019, the Shanghai government said after a meeting with local Tesla executives. 

“At present, the project has basically completed land leveling and is about to start construction. It is expected to be partially put into operation in the second half of next year,” a statement from the Shanghai government said, as reported by Electrek on Thursday.

The China factory, to be built in Shanghai, will be Tesla’s first production facility outside the United States. The electric vehicle (EV) maker signed the deal for the construction project with the Shanghai authorities in July. The factory is expected to double Tesla’s electric car production, beginning in two years.

The peak annual turnout of the Shanghai factory will be half a million Teslas and the same amount of battery packs, to be achieved two to three years after the launch of production, Tesla said in July after the signing of the deal with Shanghai authorities. This will put it basically on par with Tesla’s original factory in Fremont, California.  

Early in August, reports had it that Tesla started hiring personnel for its gigafactory in China, looking to hire 14 people, all in senior managerial and operating positions.

Tesla has started a tender process for the construction of the gigafactory in Shanghai and at least one contractor has begun buying materials for the construction, Reuters reported on Thursday, citing sources and documents it has reviewed.

Tesla aims to have a production facility in the world’s top EV market China in order to be able to compete on a level playing field with a growing number of local EV manufacturers. As a U.S.-made vehicle, Tesla’s cars in China are subject to steep tariffs, which China additionally raised during the U.S.-China tit-for-tat tariff spat this year.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play