It plans to add five new facilities at its Austin site, including a cell test lab and a unit named “Cathode”. theSun theSundaily Tesla gigafactory expansion ElectricVehicle
A Tesla electric vehicle is seen through a charging point displayed at the Auto Shanghai show on April 20, 2021./Reuterspix: Tesla has applied to expand its gigafactory in Texas with an investment totalling US$775.7 million , government filings showed, marking one of its largest expansion drives since setting up the US$5.5 billion gigafactory in Germany last year.
It plans to add five new facilities at its Austin site, including a cell test lab and a unit named “Cathode”, according to the company’s filings on the Texas state department of licensing’s website on Monday and Tuesday .The Austin expansion comes days after Reuters reported that Tesla promoted its China chief Tom Zhu to take direct oversight of the carmaker’s US assembly plants as well as sales operations in North America and Europe.
The world’s most valuable automaker has been facing Covid-driven production and logistics snags at its key Shanghai hub, coupled with growing demand concerns. Tesla’s fourth-quarter deliveries fell short of market estimates. The company is also running a reduced production schedule at its Shanghai plant through January, extending the reduced output it began in December, Reuters has reported.
The company is expected to host its investor day on March 1 at the Austin facility and will likely disclose plans for expansion and capital allocation.Local newspaperreported in December that Tesla could announce the construction of a gigafactory in the northern Mexican state of Nuevo Leon soon, with an initial investment of between US$800 million and US$1 billion. – Reuters
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla may have finally realised its yoke steering wheel was a bad idea - SoyaCincauHaving stood firm with its decision to offer the Model S and X with a yoke-style steering wheel, Tesla is finally going back to a (better) round option and is even offering existing owners a retrofit.
Read more »
'Extensive' Tesla Autopilot probe proceeding 'really fast' -U.S. officialWASHINGTON (Reuters) -The acting head of the National Highway Traffic Safety Administration (NHTSA) told reporters on Monday that the regulatory agency is 'working really fast' on the Tesla Autopilot investigation it opened in August 2021.
Read more »
Protesting Tesla China buyers vow more pressure over price cuts they missedSHANGHAI, Jan 10 — Dozens of Telsa owners protested at a delivery centre in Shanghai today, vowing to raise pressure on the electric car maker after it declined to offer them...
Read more »