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$25,000 Tesla Model 2 Imminent with Expansion of Giga Shanghai

Currently, Tesla makes Model 3 and Model Y at the Giga Shanghai in China.

The much anticipated $25,000 Tesla Model 2 will roll out from the Giga Shanghai, China. In fact, Tesla has already been in the process of expanding its Giga factory in China since 2021. It was called Phase 3. However, the work was suspended in 2022. In fact, it commenced work on a new energy storage facility in Shanghai with an annual output of 40 GWh. Finally, the Giga factory expansion process has been resumed.

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Tesla Model 2 At Giga Shanghai

As per the latest report from Carscoops, the work on Phase 3 at the Giga factory in Shanghai is finally underway. Interestingly, it currently has a capacity of producing 1.1 million vehicles in a year. From January to November this year (2023), 853,603 Tesla EVs have rolled out of this plant. This amounts to a commendable 1 car every 37 seconds. In comparison, Tesla’s Texas Giga factory manufactures 1 EV per 76 seconds. That is a testament to the efficiency of the Chinese plant. But with this expansion project complete, the Giga Shanghai will be able to make 2 million EVs annually.

Tesla Giga Factory Shanghai, China
Tesla Giga Factory Shanghai, China

Tesla Model 2

The prime attraction of the Model 2 will be its price tag. As EVs become more mainstream in many parts of the world, price plays a crucial role, in addition to the charging infrastructure. Tesla is currently in the process of global expansion. This is particularly true for many emerging markets. In fact, it is actively in talks with the Indian Government to establish its next giga factory in India. New manufacturing facilities and low-budget EVs point toward a single target – propel mass adoption.

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This report also mentions that the American EV giant will use CATL batteries initially in the Model 2. After some time, it will shift to its own cells which it will develop at its new plant. It also suggests that the Model 2 will draw inspiration from Cybertruck, which was recently launched. Furthermore, there will be a private customer-focused avatar, as well as a robotaxi version based on the Model 2. Let us keep an eye out for further developments in this regard.

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