Article Image
IPFS News Link • Business/ Commerce

Tesla Gigafactory 3 Construction Progress May 30, 2019: Video

•, By Mark Kane

The month of May comes to an end and, as you can see from video recorded on May 30, the Tesla Gigafactory 3 in Shanghai still requires construction work, despite all the progress.

The main facility is almost done so there is not much heavy equipment on site now. The weight of the construction is moving towards finishing work, surroundings and the inside.

On May 29, Tesla also held job fairs with the first batch of offers as the production of Tesla Model 3 is scheduled to start later this year.

Tesla Gigafactory 3 facts:

location: Shanghai, China

wholly-owned subsidiary (not joint venture)

construction was started in January 2019

initial construction should be completed by the end of summer

production of cars should start in second-half of 2019 (volume production from 2020)

initial target of 3,000 cars per week (between 1,000 to 2,000 per week by the end of 2019)

expected total investment: about $2 billion

purpose: production of affordable versions of Model 3/Model Y for greater China region (higher cost versions of 3/Y and all S/X to be produced in the U.S.)

battery packs will be assembled using lithium-ion cells from various suppliers, including Panasonic

expected volume: 500,000 per year

Purse.IO Save on All Amazon Purchases