Tesla domestic long-range Model 3 starts at 33.9 yuan Shanghai factory accelerates to achieve the annual production target of 150000 vehicles

Published: Apr 10, 2020 13:57

Save

SMM4 10: April 10 Tesla official Weibo news, made in China Model 3 long-term rear wheel drive version officially opened booking. The voyage will last for 668km and the price will start at 339050 yuan after the subsidy. At the same time, a high-performance all-wheel drive version of the Model 3 made in China is also open for booking, starting at 419800 yuan.

On April 10, Tesla's vice president of foreign affairs, Tao Lin, said Tesla's Shanghai super factory was opening fire on the production line and would accelerate the goal of producing 150000 vehicles a year in 2020, according to Shanghai Lingang officials.

Tesla delivered 367500 electric cars in 2019, up 50 per cent from a month earlier, according to Tesla's results released in the first quarter. Even if the epidemic spreads globally, Tesla expects full-year sales to exceed 500000 vehicles in 2020, equivalent to a 36 per cent increase over last year.

On the morning of April 8, the internal production line of Tesla Shanghai Super Factory was exposed for the first time. The video shows the final assembly workshop, painting workshop and welding workshop of Shanghai Super Factory in an all-round way. In a video of about a minute and a half, highly automated factories are comparable to sci-fi scenes, with more robots than employees. At present, the Shanghai plant is Tesla's only functioning factory in the world.

In the first quarter of 2020, Tesla produced nearly 103000 electric cars worldwide and delivered about 88400, including a record high at Tesla's Shanghai superplant.

Affected by the outbreak, Tesla's U. S. production line is currently operating at a minimum, and its largest production and largest production model, the Fremont plant, was shut down on March 23 and is expected to resume work on May 4.

"Click to sign up:" 2020 (Fifth) China International Nickel Cobalt Lithium Summit Forum "

To sign up for the Nickel Cobalt Lithium Summit or apply to enter the industry exchange group, please scan the code:

Cars batteries cobalt lithium new energy

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[SMM Chromium Week Review] Chrome Ore Flows Rebound as China Port Stocks Build, Zimbabwe Eyes Ferrochrome Capacity

September 11, 2026.

2 hours ago

[SMM Chromium Flash] Tharisa's Underground Transition at Its Chrome-PGM Flagship Mine Remains on Track

Tharisa confirmed its transition to underground mining at its flagship Tharisa Mine, on the southwestern limb of South Africa's Bushveld Complex, remains on time and within budget, running in parallel with the Karo Platinum Project's construction financing in Zimbabwe. Development of the Apollo underground complex, which commenced in March 2026, is progressing toward first run-of-mine ore in the current quarter, with steady-state production of 255,000 mt per month targeted by the third quarter of calendar year 2029. The Orion complex is expected to follow, targeting first ore in financial year 2031 and steady-state production by the third quarter of calendar year 2033. Together, Tharisa said the two underground complexes are expected to extend mining at the Tharisa Mine, which co-produces chrome concentrate alongside PGMs from the same orebody, for more than 60 years beyond depletion of the current open pit. The underground project is fully funded through development loans from Absa and Standard Bank and an asset-based revolving facility from Nedbank, funding that sits separately from the US$300 million Nordic bond raised this week for Karo. The company did not break out what share of Apollo or Orion's future run-of-mine ore output will be chrome-bearing material versus PGM-bearing material, leaving the underground transition's specific impact on Tharisa's chrome concentrate volumes still to be clarified as the two complexes ramp up toward steady state.

2 hours ago

[SMM Chromium Flash] Tharisa: Chrome Cash Flow Continues to Fund PGM Growth as Spot Chrome Price Hits $290/mt

Tharisa said its co-mining model, in which chrome cash flow supports PGM development through the commodity cycle, continues to underpin its growth strategy, with spot chrome prices trading at US$290 per mt as of early September 2026. The company disclosed the figure alongside news that it had secured a Special Mining Lease Agreement with the Government of Zimbabwe, a long-term PGM offtake agreement with Valterra, and priced a US$300 million, five-year senior secured Nordic bond, three milestones the company says de-risk and fully fund construction of its Karo Platinum Project on Zimbabwe's Great Dyke. CEO Phoevos Pouroulis said the completed milestones mark a transformative moment for Tharisa, describing the group as evolving into a multi-asset, multi-jurisdictional PGM and chrome producer with a combined mine life exceeding 60 years once Karo and the Tharisa Mine's underground transition are both in production. While the financing package itself is structured around PGM development, chrome remains the funding backbone of the strategy: Tharisa's disclosure frames chrome revenue as the through-cycle cash generator that allows the group to pursue capital-intensive PGM growth projects such as Karo without relying solely on external financing, a dynamic reaffirmed rather than changed by this week's bond pricing.

2 hours ago