Caixin
BUSINESS & TECH

Tesla Rolls Out Rough Timeline, Targets for China Car Factory

By Yang Ge
Tesla CEO Elon Musk said the planned plant in China would focus on production of the Tesla 3 and Tesla Y, two of the company’s latest models aimed at the mass market. Photo: Visual China
Tesla CEO Elon Musk said the planned plant in China would focus on production of the Tesla 3 and Tesla Y, two of the company’s latest models aimed at the mass market. Photo: Visual China

Tesla Inc. said it hopes to sell hundreds of thousands of its moderately priced electric vehicles (EVs) each year from a planned China manufacturing base, aiming to tap a new-energy car market likely to soon become the world’s largest as Beijing phases out gasoline-powered models.

In discussing its China plans, the U.S. company also pushed back against recent reports of an imminent launch of its first offshore manufacturing base, saying a new China-based factory won’t begin production for at least three years.

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