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Tesla to expand parts production in Shanghai to meet export demand -document -Breaking


© Reuters. FILE PHOTO: A truck transports new Tesla vehicles at its manufacturing facility in Shanghai, China Could 13, 2021. REUTERS/Aly Tune

SHANGHAI (Reuters) – Tesla (NASDAQ:) Inc plans to develop components manufacturing at its Shanghai manufacturing facility to fulfill rising demand for exports, in response to a doc it filed with town authorities.

The automaker will add manufacturing workshops, improve the variety of employees and lengthen the time gear is operational, the doc.

Precise figures have been redacted from the doc, which was filed on Tuesday. Tesla didn’t reply to a request for remark.

Tesla’s Shanghai manufacturing facility presently has the capability to supply a mixed 450,000 Mannequin 3 and Mannequin Y autos a 12 months.

Final 12 months, it bought over 470,000 China-made vehicles.

Xinhua information company has reported that greater than 160,000 Tesla China-made vehicles have been bought abroad in 2021.

In November, the state-backed Beijing Day by day newspaper reported that Tesla plans to take a position as much as 1.2 billion yuan ($190 million) to develop manufacturing capability at its Shanghai manufacturing facility, permitting it to make use of 4,000 extra individuals on the website.

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