Tesla's Shanghai Gigafactory has become the focus of global attention and Musk is expected to visit again

News on May 30, according to the editor’s understanding, Tesla CEO Elon Musk plans to visit China this week, which will be his first visit since 2020.

Musk’s last visit to China was in January 2020. During his visit to China, he visited Tesla’s Gigafactory in Shanghai and personally delivered the first batch of Models to non-Tesla employees. 3. According to people familiar with the matter, he is expected to visit the Shanghai Gigafactory again during this visit.

The Shanghai Gigafactory is the first manufacturing plant built by Tesla in China. It is also the first electric vehicle factory in China wholly owned by a foreign automaker. It is also the third one built by the company in the world. A super factory. Currently, the factory mainly produces Model 3 and Model Y.

Since construction began in 2019, the Shanghai Gigafactory has rapidly developed into one of Tesla's most important factories. Today, the factory is not only Tesla's largest and most profitable factory in terms of vehicle production, but also Tesla's main export center in China.

According to Tesla’s 10-K filing submitted to the U.S. Securities and Exchange Commission on January 31, the Chinese market contributed US$18.1 billion in revenue to Tesla in 2022, accounting for its total revenue. 22% collected. Tesla delivered 1,313,851 vehicles globally, of which 439,770 vehicles were delivered in China, accounting for 33% of the full-year delivery volume.

Tesla delivered 177,385 vehicles in China from January to April this year, a year-on-year increase of 61.54%. At Tesla's Shanghai Gigafactory, the number of exported cars has shown a growing trend. Last year, 127,779 cars were exported, an increase of 72.97% over the same period last year.

Tesla attaches great importance to the Chinese market because China has become one of the world's major electric vehicle markets and Tesla is a key player in it. Tesla’s continued expansion and production capacity improvement is aimed at meeting the growing demand in the Chinese market. Musk's trip to China further highlights Tesla's importance in the Chinese market and its strategic value in China.

It is reported that Tesla plans to further expand the scale of the Shanghai Gigafactory to further increase production capacity and meet the needs of the Chinese market. Tesla's continuous development in the Chinese market has a positive effect on promoting the growth of the electric vehicle industry and reducing environmental pollution.

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