Elon Musk: Tesla’s next Gigafactory will be built in China

Elon Musk: Tesla’s next Gigafactory will be built in China

At electric vehicle maker Tesla’s Q1 2018 earnings call, CEO Elon Musk announced that Tesla Motors plans to build its next Gigafactory in China. Chinese electric vehicle market has been growing fast due to government policies and increased consumer interest in green vehicles.

Musk’s statement that the next Tesla Gigafactory will be set up in China was made in reply to a question from CNBC’s Phil LeBeau. When LeBeau requested Musk to provide some information about Tesla’s plans with regard to the Model Y, the Tesla Semi, and its future EVs, Musk directly replied that China will be the location for Tesla’s next Gigafactory.

Musk said: “It has to be later this year. Maybe next quarter, but not later than fourth quarter for Model Y. We also expect to announce the location of a Tesla Gigafactory in China soon.”

Further adding that “right now, vehicle production and battery production, like battery production and motor and power electronics and charger production are at Giga,” Musk said that Tesla’s “future Gigafactories will all incorporate vehicle production.”

The recent update by Musk that the next Tesla Gigafactory will come up in China is along the lines of the statements he had previously made in February during Tesla’s Q4 2017 earnings call. At that time, Musk had said during the Q&A session that Tesla plans to start its investments in the Model Y sometime in the later part of 2018.