Daily US Times, Shanghai: Electric vehicle giant Tesla hits a major milestone by delivering its first cars made in china.
The company handed over fifteen Model 3 sedans to the customers at its so-called ‘Gigafactory’ near Shanghai. The customers are Tesla employees.
Tesla’s founder Elon Musk aims to secure a significant slice in China, which is the biggest car market in the world.
Telsa ran against the current during the trade war between the US and China. The trade war has forced other American companies to shift production out of China, but Tesla founded a massive factory and started production.
Giant US technology companies like Google, Apple, HP, and Dell all started the process of moving their production outside of China to other Asian countries.
Tesla had previously imported all of the cars it sold in China. It had to give tariffs and ultimately costs the prices.
Then Tesla decided to plant its new factory in China to increase its presence in the country as well as to cut the costs of its cars.
The company has huge plans for not only China but entire Europe.
In November, it revealed plans to build a huge European production facility on the outskirts of Berlin in Germany.
In a ceremony at the company’s multi-billion-dollar plant, fifteen of its employees received the cars they had purchased.
The event shows Tesla has started delivering cars a little over a year after construction of the factory got underway.
The Chinese made Model 3 are expected to compete with local electric car makers, including Xpeng Motors and NIO, as well as global brands such as BMW and Mercedes-Benz.