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BUSINESS & TECH

Tesla Rolls Out Rough Timeline, Targets for China Car Factory

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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