Tesla's Shanghai factory on track to make 500,000 cars this year - EV100

Asia's Tech News Daily

FILE PHOTO: A Tesla sign is seen at its factory in Shanghai

SHANGHAI (Reuters) – Tesla's Shanghai factory is on track to meet its goal of making 500,000 vehicles this year, the U.S. automaker's vice president told Chinese think tank EV100 in an interview.

The EV100 think tank quoted Tao Lin as giving the figure in an article published on its official WeChat account. Tao also said the Shanghai factory had localized more than 90% of its supply chain.

The EV100 think tank organises an annual forum where auto industry executives meet to discuss policies and the market.

(Reporting by Brenda Goh; Editing by Tom Hogue)

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