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Tesla to reveal China gigafactory location as early as Q3 2018
Issue date:11/06/2018
CPRJ Editorial Team
(SC)
Tesla Inc. is expected to disclose the location of its gigafactory in China as early as in the Q3 this year.
Tesla Inc. is expected to disclose the location of its gigafactory in China as early as in the Q3 this year.

To support the manufacture of the company’s vehicles, US electric vehicle (EV) brand Tesla Inc. is expected to disclose the location of its gigafactory in China as early as in the Q3 this year.

The car specialist will move the vehicle and battery production like the Model Y in the world’s prominent EV market, according to a Bloomberg report.

“It has to be later this year. Maybe next quarter, but not later than fourth quarter for Model Y,” said Elon Musk, CEO of Tesla, on the company’s Q1 2018 earnings call. “We also expect to announce the location of a Tesla gigafactory in China soon.”

Last year, a total of 14,883 Tesla’s vehicles were sold in China, accounting for 3% of the country’s battery-powered EV sales and ranking as the number 10 brand in that sector. In addition, 17% of the company’s revenue was generated in China in 2017, according to data compiled by Bloomberg.

Musk also extended Tesla’s gratitude to the Chinese government’s announcement in April that the foreign new energy vehicle manufacturers are allowed to fully own car factories as soon as this year.

“We’re very appreciative of the fact that the government of China has announced that they will be allowing full ownership of manufacturing facilities in China,” he said.

In the US, the company currently has an assembly factory in California and a battery factory in neighboring Nevada.

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