Elon Musk confirms plan to make new Tesla Model Y in its Shanghai factory

Written by Luna Lin Published on 

China is the world’s largest EV market and accounts for more than half of the global EV sales last year. 

Premium electric carmaker Tesla is going to manufacture its latest vehicle Model Y in its new Shanghai factory, company founder Elon Musk said on Thursday at a press conference in California, where he revealed the new vehicle model.

Musk said the new Shanghai factory, which is expected to be completed by the end of this year, is going to be “really important for making affordable versions of the Model 3 and Model Y for the greater China market,” according to Xinhua.

China is the world’s largest electric vehicle (EV) market and accounts for more than half of the global EV sales last year.

Tesla announced its plan to build China’s first wholly foreign-owned car plant in Shanghai last July, despite the ongoing Sino-US trade tensions.


You might like these

  • News

    Chinese EV maker Xpeng and rivals bet on European market


    Nikkei Asia

    06 Jan 2021    02:59 PM

KrASIA InsightsKrASIA Insights

  • A growing presence of digital banks in Indonesia will encourage innovation and digitalization of financial services, expert say.


    Digital banking to gain a foothold in Indonesia in 2021

    By Khamila Mulia

    20 Jan 202101:05 AM

Most PopularMost Popular

See All