Tesla May Build its Next Factory in South Korea, According to the Country’s Presidential Office

Tesla Chief Executive Elon Musk said on Wednesday that South Korea was among its top candidates for a new factory. The plant would allow Tesla to tap into the growing electric vehicle market in South Korea, according to the country’s presidential office. Musk made the remarks in a video call with President Yoon Suk-yeol. Tesla also plans to step up cooperation with South Korea on supply chains for electric vehicle production in the country.

FutureCar Staff 2022-11-23 09:25 PT

Construction of Panasonic’s New EV Battery Factory in Kansas to Start in November

Tesla’s long-time battery partner Panasonic will begin construction of its new electric vehicle battery factory in Kansas in November, as the company aims to ramp up production to meet growing demand from automakers. The factory initially will produce 30 GWh of cylindrical lithium ion (Li-ion) 2170 batteries. Mass production of battery cells at the plant in De Soto, Kansas is targeted to begin by the end of March 2025.

Eric Walz2022-10-31 09:15 PT

Tesla Aims to Make China the ‘World’s Largest Vehicle Export Hub’ with a Second Factory

Electric automaker Tesla Inc plans to build a second factory in China which would double its production capacity in the world’s biggest auto market. The plans were confirmed in a letter sent to local officials this week, which outlined how Tesla planned to further expand its plant in Shanghai.

FutureCar Staff 2022-06-11 10:15 PT

Panasonic is Looking to Purchase Land in the U.S. to Build a 'Mega-Factory' to Produce EV Batteries for Tesla

Japan's Panasonic Corp is looking to purchase land in the United States for a “mega-factory” that will churn out advanced electric vehicle batteries for electric automaker Tesla, Japan’s public broadcaster NHK reported on Friday. According to NHK, Panasonic is considering sites in either Oklahoma or Kansas, which will be close to Tesla’s new EV factory under construction in Austin, Texas, which is scheduled to open on April 7.

Eric Walz2022-04-10 16:15 PT

Tesla Granted Conditional Permit That Paves the Way to Start EV Production at its New $5.5 Billion Gigafactory in Germany

​Electric vehicle leader Tesla will soon begin building its electric vehicles in Europe for the first time. The company was given a conditional building permit by authorities in Germany that greenlights the start of production. Once Tesla proves it meets various conditions, including in water use and air pollution control, it can start producing electric vehicles.

FutureCar Staff 2022-04-10 14:15 PT

Elon Musk Aims for Tesla to Start Building Cars at the New German Gigafactory in October

​Tesla chief executive Elon Musk said on Friday that he hopes to start producing electric cars at the company’s new Factory in Germany by October, or shortly after. Musk, who traveled to Germany on Wednesday in his private jet to meet with state officials and check on the progress of the plant, has expressed frustration over the lack of progress on the $6.9 billion factory.

FutureCar Staff 2021-09-19 09:50 PT

Battery Maker Panasonic Sells its Entire Stake in Tesla for $3.6 Billion

Tesla’s battery partner Panasonic Corp quietly sold its stake in the company at the end of March, a spokesperson for the Japanese company told Reuters on Friday. Panasonic's Tesla shares were worth about 400 billion yen ($3.61 billion).

FutureCar Staff 2021-08-01 09:00 PT

Tesla Plans to Add EV Components Recycling Facilities at its Shanghai Factory

Electric automaker Tesla plans to build facilities for recycling battery cells and other electric vehicle components such as electric motors at its factory in Shanghai, according to a document submitted by Tesla to authorities in Shanghai. Chief Executive Elon Musk said at the company's Battery Day event in Sept 2020 that he was looking at recycling batteries to supplement the supply of raw materials, including nickel and cobalt as Tesla increases its annual vehicle production.

Eric Walz2021-06-02 10:30 PT

Battery Maker LG Chem Aims to Supply Tesla with Batteries in 2023, Plans to Build a New Factory in the U.S. or Europe

Battery maker LG Chem is aiming to build electric vehicle batteries for Tesla by 2023. To support its goal, LG is planning to build a new battery factory in the U.S. or Europe, where its will produce the battery cells for Tesla.

FutureCar Staff 2021-04-15 18:00 PT

Tesla Plans to Export its China-made Model 3s to Asia & Europe, Sources Say

Electric automaker Tesla is planning to export Model 3 sedans built at its Shanghai factory to Asia and Europe, according to sources. The first China-built Model 3s for delivery outside the country likely will start mass production in the fourth quarter, Bloomberg reports.

FutureCar Staff 2020-10-18 15:15 PT

Tesla Launches its New V3 Superchargers in Berlin, With More to Come

Tesla demonstrated new V3 supercharger equipment on a Berlin research campus on Thursday. Managers at Tesla said they were looking at more target cities to attract potential buyers in Germany worried about access to EV charging. The more powerful chargers can add 75 miles (120 km) of range to a Model 3 in five minutes.

FutureCar Staff 2020-10-17 16:55 PT

Tesla Halts Model 3 Production at its Shanghai Factory

Tesla has suspended production in China, according to Chinese tech news site 36kr. The company’s Shanghai factory is currently building the Model 3 sedan for the Chinese market and is Tesla's only overseas factory.

FutureCar Staff 2020-06-13 08:25 PT

Tesla Orders EV Battery Production Equipment From South Korea’s Hanwha Group

Electric automaker Tesla is making preparations to expand its battery production capabilities to meet rising demand for its electric vehicles. South Korean business conglomerate Hanwha Group said this week that its subsidiary Hanwha Corp. recently signed a supply deal on battery production equipment with Tesla.

Eric Walz2020-06-11 11:50 PT

Tesla Reports a Profitable First Quarter as Most of the Auto Industry Weathers the Coronavirus Pandemic

Tesla reported strong first quarter earnings in 2020, indicating that demand for its electric vehicles remains steady, despite a slowing economy due to the coronavirus pandemic. The company reported its third consecutive profitable quarter for the first time in its history.

FutureCar Staff 2020-06-06 09:00 PT

Tesla's Long-Range Model 3 Will Soon Enter Production in China

Two new versions of Tesla’s mass-market Model 3 went live on the company’s online design studio in China for the first time. The electric cars will be produced at the company's new Shanghai gigafactory.

Manish Kharinta2020-05-26 16:30 PT

Tesla Achieves its Best Ever Sales Month in China, the World’s Biggest Auto Market

​Electric automaker Tesla just had its best sales month ever in China despite the coronavirus pandemic which caused a big drop in new vehicle sales in China. The California automaker sold 10,160 vehicles in China in March, the China Passenger Car Association (CPCA) said on Thursday.

Eric Walz2020-05-16 13:30 PT

Tesla Unveils the First Model 3 Sedans Made in China

Tesla unveiled its first run of vehicles built in China late last week, an important milestone for the company as it prepares to start sales of domestically made electric sedans in China. The Deep Metallic Blue-painted Model 3s include Tesla badging in Chinese characters, differentiating them from their U.S. built counterparts.

FutureCar Staff 2019-12-18 16:30 PT

Tesla Installs its 2,000th Supercharger in China as Shanghai Gigafactory Nears Completion

In preparation for an expected boom in electric car sales in mainland China, Tesla is busy installing EV charging infrastructure to meet demand. This week, Tesla installed its 2,000 Supercharger in China near Shanghai.

Eric Walz2019-12-08 10:00 PT

Tesla’s Shanghai Factory is Gearing Up to Start Mass Production of the Model 3

A little over a year ago, electric automaker Tesla announced that it would built a factory in China, its first outside of the U.S. Over the past six months, construction of the factory has continued at a rapid pace, with the first Model 3s expected to roll off the assembly by the end of the month.

Eric Walz2019-11-09 10:15 PT

State-Owned Shanghai Construction Group To Build Tesla’s New China GigaFactory

Electric automaker Tesla is getting a big helping hand from the Chinese government to build its new Gigafactory 3 in China. State-owned Shanghai Construction Group (SCG) will build the first phase of Tesla’s assembly factory in Shanghai.

FutureCar Staff 2019-04-13 14:04 PT