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Tesla chief Musk wants to conquer thanks to the Gigafactory China's market

The U.S. electric car maker Tesla wants to conquer the Chinese market with locally produced vehicles. On Monday, Tesla CEO Elon Musk personally laid the Foundation stone for a giant factory in Shanghai. The first cars to run at the end of the year, while from 2020 the production is expected to begin in great style. The goal of 500'000 per year.

the construction of The factory on the outskirts of the metropolis of Shanghai begins now, after over a year of negotiations with the Chinese side. Tesla had announced the so-called "Gigafactory" in the summer. On Monday Musk joined, among others, together with the mayor of Shanghai, Ying Yong, to the laying of the Foundation stone-built stage.

Musk praised, according to the press release, China become the "world leader in the implementation of electric mobility". The market is crucial to Tesla's "Mission is to accelerate the global transition to sustainable energy". China is already, thanks to government support, the largest market for E-cars.

The factory land in the industrial area of Lingang, according to the state-run Chinese news Agency, Xinhua, nearly 865'000 square metres in size. The factory costs, according to analysts, around five billion dollars (4.4 billion euros). The work should stand up to the summer, the production of the first cars from Model type 3 at the end of the year, wrote Musk in front of the opening ceremony on Twitter. "Next year we want to reach the production in big series." For the Tweets, he changed his profile picture showed him with a painted-on mustache in the Form of a link.

Musk wants to push the price

Tesla wants to create with the Model 3 in the breakthrough to the mass market. The factory in Shanghai, will provide China with "affordable" Model-3 versions, wrote Musk on Twitter. Also, the proposed Model is Y will run from the Band. Prices he called. In the US, a Model 3 will cost a minimum of 50'000 dollars, Musk wants to press the price to 35'000 dollars.

The "Gigafactory" in Shanghai, as the largest plant outside of the USA, the electric car manufacturer. Tesla has assured that the group will be the sole owner of the work. So far, foreign auto manufacturers in China were allowed to keep only a maximum share of 50 percent in joint ventures with Chinese partners. The government had announced last year, but this forced gradually to lift. Manufacturer of electric cars were already exempt from 2018 from the pad.


In Shanghai reached Tesla already has a centre for technology and development. The company announced its planned plants "Gigafabriken", because both cars as well as for the electric drive batteries are to be produced. In the US, Tesla assembles its cars in the state of California, the batteries produced by the company in the state of Nevada.

the production of the model had provided the car maker long before problems. Again and again the self-set target of 5000 cars produced per week had to be postponed. (anf/nlu/afp)

Created: 07.01.2019, 14:27 PM

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