October 24, 2018 / 1:26 PM / 2 months ago

Tesla's Shanghai factory to produce two models for first phase project: filing

FILE PHOTO - People view a Tesla car during the Auto China 2016 in Beijing, China, April 25, 2016. REUTERS/Jason Lee/File Photo

BEIJING (Reuters) - Tesla Inc’s (TSLA.O) Shanghai Gigafactory is planning to produce two models in its first phase project, a Shanghai government filing showed on Wednesday.

The new factory, based in eastern China, aims to manufacture Model 3 and Model Y cars, with annual capacity of 250,000 vehicles, according to a filing by the environmental assessment firm conducting a feasibility study for the project.

A Tesla spokeswoman Reuters tried to reach did not immediately respond to a request for comment.

Tesla signed an agreement with the Shanghai government last week for an 860,000 square meter site to secure its first overseas Gigafactory, which will cost around $2 billion to construct.

Reporting by Min Zhang in Beijing and Meg Shen in Hong Kong; Editing by Jan Harvey

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