Electric car maker Tesla is on track to start production at its recently-approved Gigafactory in Shanghai late next year, the city’s government said this week.
Following a visit by Shanghai Mayor Ying Yong, the government posted on its official WeChat account that construction for the factory is about to begin and partial operations will kick off in the second half of 2019.
Tesla bought the 865,000-square-meter space last month following a long tussle with local authorities to attain approval. The factory will be Tesla’s first factory outside the US.
Shanghai authorities are taking an active role in Tesla’s China operations, including helping the company secure loans from major Chinese banks to fund the new plant, sources told Bloomberg.