Following the recent mainland government permitting foreign electric vehicle manufacturers to set up wholly-owned factories in the country, Tesla also announced that it will set up the company’s world’s first overseas manufacturing facility in Shanghai to avoid import tariffs and show determination to enter the world’s largest auto market. According to CNBC and Tencent According to reports from technology, Robin Ren, Tesla’s Global Sales Director, announced at a shareholders’ meeting a few days ago that it will set up the world's first overseas factory in Shanghai, which will be called 'Dreadnought' (Dreadnought Vessel). Tesla founder Elon Musk stated that the Dreadnought plant will be produced simultaneously. Batteries and assembly vehicles are different from Tesla’s delivery of electric vehicle assembly and battery production to two different factories in the United States. Tesla’s move into the mainland market is attracting attention because electric cars are produced on the mainland to avoid import tariffs. Tesla currently There is a battery-manufacturing super battery factory Gigafactory in Delaware, USA, and an electric vehicle assembly plant in Fremont, Calif., which manufacture Model S, Model X and Model 3 models. Tesla has always faced the pressure of the Model 3's inability to achieve capacity targets and deteriorating financial conditions. It may also be necessary to continue to raise funds, Musk stated in the shareholders’ meeting that Tesla is very likely to achieve 3,000 Model 3. Musk per week by the end of this month and pointed out that Gigafactory will soon produce more batteries and the output will exceed Total battery production of all electric vehicle manufacturers. Tesla is currently offering more expensive Model 3 models to the market. Musk promises that Tesla will begin shipping the basic model to the market in the first quarter of 2019. 3. Musk also pointed out that Tesla expects By the third quarter of 2018, the company will turn a profit and the cash flow in the third and fourth quarters will be positive. However, many analysts currently believe that Tesla must raise more funds in early 2019 to solve the problem. Musk pointed out that From July, the Model 3 test drive will be deployed to all Tesla retail stores in North America, and said that it may launch another small electric vehicle in the next five years.
