Tesla denies rumored location of second Chinese factory

Beijing (Gasgoo)- Last night, the recent hot topic about Tesla’s second factory in China was directly denied by Grace Tao, vice president of Tesla.

Shanghai Gigafactory; photo credit: Tesla

Grace posted a Weibo last night stating that Tesla will continue expanding investments in China. As to the recent inquiries about Tesla’s second Chinese factory, Grace said that the rumored locations of the factory were false information.

Earlier, several Chinese cities have been discussed to be candidates for Tesla’s second Chinese factory aside from the one in Shanghai.

Qingdao Port; photo credit: Shangdong Port Group

As a coastal city with ports for export, Qingdao was the most preferred answer. Many “insiders” and media outlets have discussed the issue, aggravating the rumor. Moreover, with a specific rumor coming to a conclusion about how Tesla is most likely to settle down in the West Coast District in Qingdao, which sent the stock price of the area’s holding group to a daily rising limit.

On the other hand, according to Tesla, the Gigafactory in Shanghai has a production capacity of over 450,000 vehicles. 

The China Passenger Car Association reported that in the third quarter this year, the Gigafactory produced 133,200 vehicles. During the first three quarters, Tesla has produced a total of over 300,000 vehicles, the automaker said, indicating the factory is already in overload.