With all the talk of Gigafactory Berlin, its sibling Gigfactory in Shanghai may have gotten a little jealous for attention.
Tesla Inc. won permission to start mass production at its China factory, clearing one of the last hurdles to begin selling locally built cars in the world’s largest electric-vehicle market.Bloomberg
Permits secured baby 😎
The clearance was disclosed by China’s Ministry of Industry and Information Technology on its website Wednesday. Tesla unveiled its first vehicles assembled at the Shanghai facility earlier this month, made as part of trial operations.Bloomberg
“Hey! Pay attention to me!”
Seriously though, what are the chances the minister of information technology got a call from a top communist party of China official telling him to get those permits out within the news cycle?
China’s first plant wholly owned by a foreign carmaker — and Tesla’s first outside the U.S. — is a crucial test of Chief Executive Officer Elon Musk’s bid to prove his carmaker can sustain profitability as he bets on Chinese EV demand.Bloomberg
This is the key thing that few people understand about Gigafactory Shanghai. No other foreign car maker is allowed to have a car factory in China. They have to do a joint venture with a local partner.
So they don’t want to send the same vehicle IP, don’t end up with all the profits, etc. A US carmaker having its own Chinese factory is uncharted territory. It’s going to be big.
In addition to a manufacturing permit, carmakers in China need to have their products approved for sale. Authorities have yet to disclose such a clearance for Tesla’s China-built-models.Bloomberg
One down, one more to go…
UPDATE: It looks like they have black paint too
$tslaq doomed days, more exciting news about .@Tesla #Gigafactory are coming out 🚀— Chao Zhou 👽 (@realChaoZhou) November 13, 2019
Nearly 50 MIC #Model3 cars are parking outside of #GF3
Phase II giga roof is basically completed now
Giga Berlin has been announced! 🔥
.@elonmusk #China pic.twitter.com/TeX8DCgPSn