Xinhua Published: 2020-05-03 11:46:11
The production rate of Tesla’s Model 3 sedans in its Shanghai gigafactory will top 4,000 units per week by mid-2020, the U.S. electric carmaker said on Thursday.
![Tesla's Model 3 sedans are seen in its Shanghai gigafactory on November 7, 2019. [File photo: VCG]](http://img1.zhytuku.meldingcloud.com/images/zhycms_chinaplus/20200503/ac18768e-3bbf-4b12-9ff1-91216a2b3d9b.jpg?x-oss-process=image/resize,w_650)
Tesla’s Model 3 sedans are seen in its Shanghai gigafactory on November 7, 2019. [File photo: VCG]
The Shanghai gigafactory was producing 280 vehicles every day at the end of last year.
Tesla’s product line in Shanghai only contained the Standard Range Plus version of Model 3 in the first quarter. The company has launched an online configurator for a Long Range version and a Performance version since April.
The carmaker said it will continue to ramp up production of Model 3 in Shanghai in the second quarter, with more efficient assembly lines of the Shanghai-built Model Y SUVs, which will start deliveries in 2021.
Tesla reduced the price of the Standard Range Plus version of Model 3 made in China to from 303,550 yuan (about 43,000 U.S. dollars) to 271,550 yuan on Friday to meet the government’s new eligibility requirements for subsidies.
