Tesla to expand capacity at China plant

Tesla plans to increase its fleet of vehicles in Shanghai, to increase the number of employees on the site by one-third and to increase production in the largest electric car market in the world, according to the company.

The US car manufacturer has spent about Rmb1.2bn (£ 140m) to upgrade the site, depending on the number of workers on the site from 15,000 to 19,000.

Labeling in China did not say how many cars the plant could make.

Its Shanghai base, which began production at the end of 2019, is capable of producing about 450,000 cars a year, only to be embarrassed by the number of cars that Tesla sold worldwide last year.

Growth comes after Tesla forced apology to Chinese consumers earlier this year after responding to complaints that sparked protests against the company and angered government journalists.

CEO Elon Musk has set a goal of making 20m cars a year by the end of the decade, a profit that, if good, could double Tesla twice as much as Volkswagen or Toyota, the two largest manufacturers of companies today.

Tesla is about to produce nearly 1m of cars this year, though many of its competitors are slowing down production due to chip shortages worldwide.

In its third quarter results last month, Tesla said revenue rose 57 percent to $ 13.8bn compared to the same period last year, when it recorded a quarter profit of $ 1.6bn.

Although Musk has not set up a network that is expected to formulate to help Tesla achieve its 2030 goal, the business is setting up several locations at once.

Tesla is already building manufacturing facilities in Germany, as well as facilities in Texas, and there have been reports that the company is also looking for a second manufacturing facility in China.

Musk told Tesla holders last month that the Shanghai facility has already produced more cars than its well-known location in Fremont, California.

Its Chinese counterpart manufactures the Model 3, which sells locally and exports to Europe, with the Model Y.

The electric car maker set up a bank at the local manufacturing plant and used low-cost batteries to help drive sales in China, but its entry into the market was not without bumps.

In June, the group was forced to recall almost every car sold in China because of a software problem that drove the car.

His cars have also been banned from entering other public areas for fear of cameras being used on his route. Last month Tesla opened a data center in Shanghai to help alleviate concerns about locally collected vehicles and camera data.

Additional reports of Wang Xueqiao in Shanghai

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