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 30, 2022
CapRock Partners taps into industrial space demand
The investment firm is committed to building 15 million sf of warehouses.
Industrial Facilities | Apr 14, 2022
JLL's take on the race for industrial space
In the previous decade, the inventory of industrial space couldn’t keep up with demand that was driven by the dual surges of the coronavirus and online shopping. Vacancies declined and rents rose. JLL has just published a research report on this sector called “The Race for Industrial Space.” Mehtab Randhawa, JLL’s Americas Head of Industrial Research, shares the highlights of a new report on the industrial sector's growth.
Industrial Facilities | Apr 6, 2022
Development underway for Missouri’s largest logistics park
Hunt Midwest envisions 27 buildings will be completed over the next 10 years.
Industrial Facilities | Apr 1, 2022
Robust demand strains industrial space supply
JLL’s latest report finds a shift toward much larger buildings nearer urban centers, which fetch higher rents.
Cladding and Facade Systems | Oct 26, 2021
14 projects recognized by DOE for high-performance building envelope design
The inaugural class of DOE’s Better Buildings Building Envelope Campaign includes a medical office building that uses hybrid vacuum-insulated glass and a net-zero concrete-and-timber community center.
Giants 400 | Oct 22, 2021
2021 Industrial Sector Giants: Top architecture, engineering, and construction firms in the U.S. industrial buildings sector
Ware Malcomb, Clayco, Jacobs, and Stantec top BD+C's rankings of the nation's largest industrial buildings sector architecture, engineering, and construction firms, as reported in the 2021 Giants 400 Report.
Industrial Facilities | Sep 2, 2021
Design unveiled for new Ferrero Technical Center in Alba, Italy
Frigerio Design Group is designing the project.
Giants 400 | Aug 30, 2021
2021 Giants 400 Report: Ranking the largest architecture, engineering, and construction firms in the U.S.
The 2021 Giants 400 Report includes more than 130 rankings across 25 building sectors and specialty categories.
Resiliency | Aug 19, 2021
White paper outlines cost-effective flood protection approaches for building owners
A new white paper from Walter P Moore offers an in-depth review of the flood protection process and proven approaches.
Industrial Facilities | Jul 2, 2021
A new approach to cold storage buildings
Cameron Trefry and Kate Lyle of Ware Malcomb talk about their firm's cold storage building prototype that is serving a market that is rapidly expanding across the supply chain.
