Tesla is hoping to produce 500,000 vehicles annually at its Chinese facility and roll its first Model 3 sedans off the production line by 2020. The move will save Tesla on some importation costs, though it will not get to fully avoid Chinese tariffs unless it partners with a Chinese company or receives an exemption from the government.
Tesla’s only factory, in Fremont, Calif., produced 88,000 in the first half of 2018.
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