The location of the next Tesla gigafactory was announced and it is going in Shanghai. The American automaker is targeting the largest automotive market by expanding their operations. This is slated to open in 2023 and will have an estimated 500K capacity after ramp up.
In this video I dscuss how it is smart for the company to build near the existing facility to keep the supply chain tight. Also, it further endears Musk to the CCP, something that is important in a time with iffy relations globally.
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