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Tesla Receiving Competing Bids To Build A Second Factory In China: Electrek

Courtesy of ZeroHedge View original post here.

"There's this place called Shanghai…"

And now it looks like Tesla is getting ready to double down on its reliance on China. The EV maker is reportedly getting competing bids for a second Gigafactory in the country, according to a report by electrek this week. 

Tesla has already said it expects to announce a new factory location this year. Now, speculation is running rampant that the company could be expanding its footprint in China. There were also rumors of another potential factory in Europe, but those rumors have failed to materialize into anything tangible. 

But there's now apparently tangible evidence that China is in the running for a new location. Tesla reportedly has provinces competing against each other to host the company, as it did before launching its initial Gigafactory in China. 

Liaoning Province reportedly released documents over the last week that reference a potential Tesla factory project, electrek reported: 

On February 11, Liaoning Province’s official Wechat account, “Liaoning Release,” published an article titled “Five Grasps of Dadong District of Shenyang City, Striving to be the Pioneer in Revitalization Development.” The report stated that Shenyang City is actively preparing to implement Tesla’s vehicle project.

The blog notes that it is anything but a done deal and that the statement translates to something "aspirational" as opposed to definitive. The report also mentions Qingdao, Wuhan, Hangzhou, Hefei, Zhengzhou, Shenzhen, and Jinan as potential competing locations for another Tesla factory. 

While electrek predicts that the company's four existing locations/planned locations (Fremont, Shanghai, Texas and Berlin) "should push Tesla’s production capacity beyond three million vehicles annually by the end of next year", the automaker's "greater ambitions" could be helped along with additional factories. 

"2022 is the year we will be looking at factory locations to see what makes the most sense, possibly with some announcement by the end of this year," Musk said during the company's latest earnings call. 


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