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Tesla Shanghai Resumes 80% Production at Giga Factory -Breaking

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© Reuters. Tesla (TSLA) Shanghai Resumes 80% Production at Giga Factory

Chinese officials have confirmed that Tesla (NASDAQ 🙂 was able to resume production at the Shanghai Giga Factory, which is more than 80%. Shanghai included Tesla in its first whitelist, which was designed to indicate companies that are able to restart production in a more staggered fashion.

The company recently re-opened in what they called a “closed-loop system,” meaning; nobody goes in or out: employees lived and worked at the factory. By April 22, Elon Musk mentioned that Giga Shanghai was “coming back with a vengeance.”

Shanghai has created a second listing of 1,188 companies to promote the resumption of work in key areas. This list focuses on sectors like integrated circuits and auto manufacturing. Zhang Hongtao was chief engineer at Shanghai Economic and Information Technology Commission. He spoke during a Shanghai press conference.

“We are ramping up efforts to help companies solve difficulties in resuming production,” Zhang said.

China has allowed 1,854 companies so far to resume their production.

By Michael Elkins

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