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Tesla CEO Elon Musk addressing the Tesla Gigafactory Shanghai groundbreaking ceremony. (Photo: X Auto World)
Tesla CEO Elon Musk addressing the Tesla Gigafactory Shanghai groundbreaking ceremony. (Photo: X Auto World)

Tesla Inc broke ground for its Shanghai Gigafactory on Monday (Jan 7, 2019). The company plans to begin making its Model 3 electric vehicles (EVs) at the factory by year-end. The factory is the only Tesla Gigafactory outside the US as of now.

Shanghai Mayor Ying Yong and Tesla CEO Elon Musk attended the groundbreaking ceremony of the factory which was said to cost around US$2 billion.

In his address, Elon Musk said that with the resources Tesla can build the Shanghai Gigafactory in record time and Tesla is looking forward to hopefully having some initial production of the Model 3 towards the end of this year and achieving volume production next year.

He also mentioned that the company is looking for Chinese young engineering talent to pursue its mission.

To fulfill the demand for Greater China region, Elon Musk wrote on Twitter that affordable cars must be made on same continent as customers.

In another tweet, he unveiled that Shanghai Gigafactory will produce affordable Model 3/Y EVs for Greater China, and all Model S/X & higher cost versions of Model 3/Y will still be built in the US for worldwide market.

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