Tesla Inc is conducting trial production runs at its new $2 billion China factor...
) is conducting trial production runs at its new $2 billion China factory for the past several weeks and will sell some of the first cars from the plant to its employees, sources told Reuters.
The U.S. electric vehicles maker is under pressure to ramp up output globally, and the Shanghai plant’s production schedule is crucial if it wants to reach its ambitious target of an annualized production rate of 500,000 vehicles by the end of the year. “There are some things that just need time in order to complete, like qualifying new manufacturing processes, a new battery supplier, getting the tooling shipped and set up, as well as setting up all the suppliers. Any parts that have to be imported need to go through customs, which also could mean delays,” he said.
It recently bought Maxwell Technologies, whose technology could help the car maker produce batteries that last longer.
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