Nov 30, 2021 06:36 AM

Energy Insider: Tesla Plans $188 Million Expansion of Shanghai Factory

In today’s Caixin energy news wrap: China’s state-owned power giant Datang to invest in clean energy in Africa; top economic planner studies coal pricing system revamp; and renewable energy stocks get a boost from bank funds.

Tesla to expand production at Shanghai plant

Tesla Inc. plans to invest as much as 1.2 billion yuan ($187.91 million) to expand production at its Shanghai factory, adding workshops and workers as the company deepens its investment in the world’s largest electric car market. The carmaker will build multiple new workshops for stamping, painting, automotive body production and final assembly, according to an environmental impact report published by the carmaker on a local government information disclosure platform. The plant will also add 4,000 new employees, bringing the total number of staff it can employ at one time to 19,000.

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