A few months ago, Tesla confirmed reports that the company was looking to establish a factory in Shanghai to better serve the Chinese market. On Oct. 17, Tesla announced it had secured the rights to a 210-acre piece of land in Lingang, Shanghai on which it will build Gigafactory 3.
The electric car company plans to build Gigafactory 3 on an accelerated construction schedule in order to get the factory up and running as quickly as possible in the face of new tariffs. Between import tariffs and ocean transport costs, Tesla is operating at a 55% to 60% cost disadvantage compared to the same car produced locally in China.
See Also: Under-development solar panels snap together and turn waste heat into hot water
Construction is expected to begin in the near future and take about two years, and $2 billion, before the factory can produce vehicles. It will take another two or three years from that point before the factory is at full power, which will allow it to produce about 500,000 vehicles per year.
Gigafactory 3 will be the first Gigafactory outside of the United States. Gigafactory 1 is located at the Tahoe Reno Industrial Center in Nevada. Gigafactory 2 is located in Buffalo, N.Y.
Related Stories
Industrial Facilities | Apr 12, 2018
‘Next generation’ biomanufacturing plant will be the first of its kind in the U.S.
The plant will be located in Rhode Island.
Industrial Facilities | Apr 2, 2018
90,000-sf industrial facility will add needed manufacturing space in West Michigan
Vision Real Estate Investment recently broke ground on the building.
Industrial Facilities | Mar 26, 2018
thyssenkrupp’s new Zhongshan plant includes a high-speed test tower
The 813-foot test tower has 13 shafts.
Reconstruction & Renovation | Feb 7, 2018
Renovations begin on an underground facility that is investigating the nature of dark matter
This LEO A DALY-designed project makes way to produce the world’s most sensitive detector to this point.
Industrial Facilities | Jan 15, 2018
New Dollar General distribution center planned for Longview, Texas
The facility will be the discount retailer’s second in Texas and 17th overall.
Industrial Facilities | Jan 10, 2018
Kraft Heinz meat processing and packaging facility occupies 70 acre plot in Davenport, Iowa
The facility is the first Greenfield construction project for the Kraft Heinz Company since the merging of Kraft Foods Group and H.J. Heinz Company in 2015.
Giants 400 | Nov 2, 2017
Top 80 industrial construction firms
Walbridge, Jacobs, and Fluor top BD+C’s ranking of the nation’s largest industrial sector contractors and construction management firms, as reported in the 2017 Giants 300 Report.
Industrial Facilities | Nov 1, 2017
Top 45 industrial engineering firms
AECOM, Fluor, and CRB top BD+C’s ranking of the nation’s largest industrial sector engineering and EA firms, as reported in the 2017 Giants 300 Report.
Giants 400 | Nov 1, 2017
Top 35 industrial architecture firms
Jacobs, Stantec, and BRPH top BD+C’s ranking of the nation’s largest industrial sector architecture and AE firms, as reported in the 2017 Giants 300 Report.
Multifamily Housing | Sep 20, 2017
New housing development rises from a historic textile mill’s ashes
Loft Five50 will add 137 housing units to Lawrence, Mass.
