Tesla successfully acquired land for industrial use in Lingang, Shanghai for RMB 973 million

On October 17, the official website of the Shanghai Land Market announced that Tesla (Shanghai) Co., Ltd. acquired 864,885 square meters (a total of 1,297.32 acres) of industrial land in the Q01-05 plot in the Shanghai Lingang Equipment Industry Zone for 973 million yuan, and officially signed a land transfer contract with the Shanghai Municipal Planning and Land Resources Administration.

The land acquired by Tesla is located in the east to the planned reserved green belt of the East China Sea Second Bridge control line, in the south to the Renmintang green belt, in the west to the Nanfengjie River green belt, and in the north to the Laolitang River green belt.

In August this year, Tesla CEO Elon Musk said that the construction cost of Tesla's Shanghai factory is expected to be US$2 billion. On August 5, Tesla began to publish recruitment information on its official WeChat account.

At the beginning of September, the registered capital of Tesla (Shanghai) Co., Ltd. increased from 100 million yuan to 4.67 billion yuan, which provided financial support for the construction of the Shanghai factory.

At present, Tesla's funds and land are ready, and the nationalization process of Tesla will be further accelerated. Tesla continues to accelerate the construction of the Shanghai factory in order to solve its insufficient production capacity problem as soon as possible. Due to production capacity and other issues, Tesla has been continuously downgraded by Moody's, Standard & Poor's and other brokerages.

According to the plan, Tesla's Shanghai factory will start mass production in 2020 and gradually form an annual production scale of 500,000 new energy vehicles.

On July 10 this year, Tesla announced that it would independently build a Tesla Gigafactory in the Lingang area of ​​Shanghai that integrates R&D, manufacturing, sales and other functions. It will include an electric vehicle R&D and innovation center, Tesla Gigafactory, Tesla Sales China Branch, etc. It is the largest foreign-funded manufacturing project in Shanghai's history.

China is Tesla's largest market outside the United States. After Tesla's localization, the cost will be greatly reduced and the price will be more competitive in the market. Industry insiders predict that after Tesla's localization, it will have a great impact on the domestic new energy vehicle market.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.