Tesla is reportedly producing its Model 3 electric vehicles at a rate of 28 per hour at its new Shanghai plant, or more than 1,000 per week given 10 hours on shift each day, according to a report from the Global Times.
Tesla began work on the $2 billion China plant just under a year ago. The China-made Model 3s are selling for around 355,800 yuan (or $50,000) before subsidies.
Tesla aims to make 3,000 vehicles per week at Shanghai “in the near future,” Tesla executives told the Global Times.
According to the report, Tesla sources 30% of the China-made Model 3 parts in China itself. The company intends to raise that figure to 80% by mid-2020, and to make fully localized Model 3s in China by 2020-end.
Tesla sold around 30,000 Model 3s this year in China, the report mentioned.