International News from World: Tesla has produced its first automobiles made in China, marking an important milestone for the manufacturer of electric vehicles. At the so-called “Gigafactory” outside Shanghai, fifteen Model 3 sedans were handed over.
It comes as the company of Elon Musk aims to secure a significant part of the largest car market in the world. As the trade war forced other American companies to shift production out of China, Tesla’s move into the country comes.
Fifteen of its employees received cars they had purchased during a ceremony at the multi-billion dollar plant in Shanghai.
The event means that car deliveries started a little over a year after the factory was built.
Tesla, headquartered in California, said it wanted to start shipping cars before the beginning of the Lunar New Year on January 25, and now plans to increase deliveries from the beginning of 2020.
The Chinese-made Model 3 will compete with local electric car manufacturers, including NIO and Xpeng Motors, as well as global brands like BMW and Mercedes-Benz, priced at $50,000 (£ 38,000) before subsidies.
What a touching moment. pic.twitter.com/DlQn4wyW1j
— Tesla China (@teslacn) December 30, 2019