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 | Aug 3, 2023
The state of battery manufacturing in the era of EV
One of the most significant changes seen in today’s battery plant is the full manufacturing process—from raw materials to the fully operational battery.
Market Data | Aug 1, 2023
Nonresidential construction spending increases slightly in June
National nonresidential construction spending increased 0.1% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. Spending is up 18% over the past 12 months. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.07 trillion in June.
Digital Twin | Jul 31, 2023
Creating the foundation for a Digital Twin
Aligning the BIM model with the owner’s asset management system is the crucial first step in creating a Digital Twin. By following these guidelines, organizations can harness the power of Digital Twins to optimize facility management, maintenance planning, and decision-making throughout the building’s lifecycle.
Market Data | Jul 24, 2023
Leading economists call for 2% increase in building construction spending in 2024
Following a 19.7% surge in spending for commercial, institutional, and industrial buildings in 2023, leading construction industry economists expect spending growth to come back to earth in 2024, according to the July 2023 AIA Consensus Construction Forecast Panel.
Standards | Jun 26, 2023
New Wi-Fi standard boosts indoor navigation, tracking accuracy in buildings
The recently released Wi-Fi standard, IEEE 802.11az enables more refined and accurate indoor location capabilities. As technology manufacturers incorporate the new standard in various devices, it will enable buildings, including malls, arenas, and stadiums, to provide new wayfinding and tracking features.
Industrial Facilities | Jun 20, 2023
A new study presses for measuring embodied carbon in industrial buildings
The embodied carbon (EC) intensity in core and shell industrial buildings in the U.S. averages 23.0 kilograms per sf, according to a recent analysis of 26 whole building life-cycle assessments. That means a 300,000-sf warehouse would emit 6,890 megatons of carbon over its lifespan, or the equivalent of the carbon emitted by 1,530 gas-powered cars driven for one year. Those sobering estimates come from a new benchmark study, “Embodied Carbon U.S. Industrial Real Estate.”
Industrial Facilities | May 31, 2023
Nascent cowarehousing firm steps forward with facilities that offer a communal user experience
The design firm Ware Malcomb has partnered with FlexHQ, a Los Angeles-based firm offering cowarehouse leasing solutions, to create a scalable workspace that emphasizes leasing flexibility and higher-quality and environmentally friendlier amenities than aren’t commonly found in this building type, say representatives from both companies.
Multifamily Housing | May 12, 2023
An industrial ‘eyesore’ is getting new life as an apartment complex
The project, in Metuchen, N.J., includes significant improvements to a nearby wildlife preserve.
Industrial Facilities | Apr 10, 2023
Implementing human-centric design in operations and maintenance facilities
Stantec's Ryan Odell suggests using the human experience to advance OMSF design that puts a focus on wellness and efficiency.
Warehouses | Mar 29, 2023
Construction completed on Canada’s first multi-story distribution center
Construction was recently completed on Canada’s first major multi-story industrial project, a distribution center in Burnaby, British Columbia. The project provides infrastructure for last-mile delivery in a world where consumers have come to expect next-day and same-day delivery, according to Ware Malcomb, the project's architect of record.
