Elon Musk has said Tesla will break ground on its first China factory on Monday with plans to start producing its Model 3 vehicles in Shanghai by the end of the year.
“Aiming to finish initial construction this summer, start Model 3 production end of year & reach high volume production next year,” Mr Musk said in a tweet. He added that production at the Shanghai factory will serve the greater China region.
Mr Musk signed an agreement with government officials in Shanghai in July to open the carmaker’s “Gigafactory 3”, its first factory in China. Domestic Chinese media reported at the time that the factory would have the capacity to produce 500,000 electric vehicles a year.
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