SOURCE / ECONOMY
Tesla’s Shanghai Gigafactory estimated to produce 750,000 vehicles annually: company
Published: Jul 21, 2022 11:53 AM
Tesla's Gigafactory in Shanghai Photo:VCG

Tesla's Gigafactory in Shanghai Photo:VCG


The annual capacity of Tesla's Gigafactory in Shanghai is estimated to surpass the 750,000 mark this year, ranking first among Tesla's factories worldwide, the US electric carmaker's quarterly disclosure released on Wednesday showed.

According to the disclosure, the annual output of the facility in Shanghai surpassed the 650,000-vehicle capacity of the factory in California, and the 250,000-car capacity for both factories in Texas and Berlin, Germany.

Tesla's sales in China stood at 78,906 units in June, up 138 percent year-on-year. Deliveries from its Shanghai Gigafactory came to 77,938 units, up 177 percent year-on-year. Both sales and deliveries hit record highs, according to statistics sent from Tesla China to the Global Times on July 8. 

In the first half, Tesla's Shanghai Gigafactory produced nearly 300,000 electric vehicles, of which nearly 100,000 were exported. The half-year delivery volume was equivalent to more than 60 percent of the carmaker's annual delivery volume in 2021. 

In 2021, some 6.75 million electric vehicles were sold globally. 

Despite the severe challenges posed by the COVID-19 pandemic, the Shanghai Gigafactory's monthly sales since June demonstrated the strong resilience of the Chinese economy, Tesla China said.

The Gigafactory in Shanghai was the first fully foreign-owned auto manufacturing plant in China. Construction began in January 2019 and production began in December of that year. At the end of 2020, the capacity of the Gigafactory reached 250,000, and it climbed to 450,000 in 2021. 

At the end of 2021, the annual delivery volume of the factory reached 484,130, a year-on-year increase of 235 percent, accounting for 51.7 percent of Tesla's global capacity.

The Gigafactory has become Tesla's global center for exports, with more than 160,000 overseas deliveries in 2021, which met market demand in Europe and Asia.