Teslas China Gigafactory: Next Stages


Teslanomics with Ben Sullins

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// Recent reports show progress towards construction of Tesla's Chinese Gigafactory and contractors are starting to bid for the contracts.

Highlight From Teslanomics Live on December 10, 2018. View the full video at teslanomics.co/live/1850/

// Tesla's China Gigafactory is lining up contractors; construction will start soon

An exclusive Reuters report shows that one Chinese company is already buying materials to build the plant, while a state-owned construction firm will take part in the bidding process
Tesla wants to build a Gigafactory in China to circumvent the tariffs that are being imposed on foreign imports as part of the U.S.-China trade war. By building the cars in China, it will not be subject to import tariffs.
The Gigafactory will be the first wholly foreign-owned car factory in China
Broader climate change context: China is on track to meet its pledge in the Paris agreement, but now analysts are saying that pledge is "highly insufficient" in order to keep temperature increase below 2 degrees Celsius: http://www.nytimes.com/interactive/2...
Related: Chinese government says the Gigafactory will start production in late 2019: http://www.cnbc.com/2018/12/06/tesla...

Previous Plan
250K first year
500K subsequent years
Added with Giga1 doing Model Y could be close to 1M cars in 2020

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