AutoBeta(AutoBeta.net)08/07 Report--

Tesla announced on Aug. 7 that the construction of the super factory in Shanghai has been going smoothly, only seven months since the start of construction, and is expected to start production by the end of 2019.

At the same time, officials also released a panoramic view of the Shanghai super factory, with a complete building. Earlier, Tesla also disclosed for the first time internal photos of the factory, workers are assembling production equipment. Tesla said that production equipment has been brought into the factory since the second quarter, and a more streamlined production line has been built at the initial stage.

"the Shanghai super factory is gradually taking shape," Tesla said in a letter to shareholders at the end of July. In the second quarter, we began to move machines into the factory so that the first phase of production could be carried out there. This will be our simplified version of the Model 3 production line, which is more cost-effective and has a capacity of 150000 units per year-this is the second generation Model 3 production line. "

The Shanghai Super Factory is Tesla's first manufacturing plant in China and the first electric vehicle factory wholly owned by a foreign carmaker. In July last year, Tesla reached a preliminary agreement with the Shanghai municipal government. In October, Tesla successfully acquired 864885 square meters (a total of 1297.32 mu) of industrial land in Q01-05, Shanghai Lingang equipment Industrial Zone, and signed a land transfer contract with the Shanghai Municipal Administration of Planning and Land and Resources. In January this year, Tesla Shanghai Super Factory (Phase I) officially started construction.

According to the plan, the total investment of Tesla's Shanghai factory project is as high as 50 billion yuan, with an investment of 16 billion yuan in the first phase. In the initial stage, an assembly production line will be completed first, so as to realize Tesla's domestic production as soon as possible. According to the plan, the Shanghai super factory will integrate R & D, manufacturing, sales and other functions, and is expected to achieve an annual production capacity of 500000 pure electric vehicles after 2-3 years of construction.

In less than a year, rising from an open space, Tesla's Shanghai super factory will be officially put into production at the end of the year, which many netizens call "China Speed."

According to the financial report, Tesla realized revenue of $6.35 billion in the second quarter, up from $4 billion in the same period last year, and realized a net loss of $408 million (about RMB 2.8 billion). Compared with the same period last year, the loss was $718 million in the same period last year. the loss in the first quarter was $702 million.

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