The Shanghai Gigafactory produces one thousand Tesla a week

The factory in Shanghai was built and put into operation in less than a year. And now Tesla is releasing a Model 3 Chinese assembly at a speed of 28 cars per hour.

The other day Tesla Ilona Mask has launched the release of Model 3 electric vehicles in China. The first buyers were the factory workers. The transfer ceremony for the first sedan of the Chinese assembly was broadcast via the Weibo social network. The price in China is $ 50,000 before subsidies (up to $ 3,600), CNBC reports.

Tesla intends to increase production to 3,000 units a week "in the near future," Shanghai factory executives said.
Right now, about 30% of parts are made right here in China, but by mid-2020 their proportion should grow to 80%. By the end of next year, the Chinese Model 3 should become fully "localized".

This year, the company sold about 30,000 electric vehicles in China, according to estimates from the Chinese edition of Global Times.

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Now the car market in China is going through difficult times. The profits of companies such as BYD or Nio are falling. According to some analysts, the country's first full-fledged downturn seemed to be a promising market. The government subsidy program has not yielded clear results, and the billion-dollar venture capitalists' investments may not pay off.