By the end of 2021, Tesla's Shanghai Gigafactory will have about 90 percent of its components supplied by local suppliers, Xinhua quoted Yuan Guohua, Chairman of Lingang Group, as saying on Tuesday.
Tesla's Shanghai Gigafactory is expected to produce 450,000 units in 2021 and export about 66,100 units in total, which will drive the new energy vehicle industry chain in Lingang, Yuan said.
The new energy vehicle industry is key for the region's development and the first industry cluster in the region to exceed 100 billion yuan ($15 billion), according to the report.
The region's new energy vehicles will produce more than 600,000 units this year and export more than 100,000 units, the report said.
Shanghai Free-Trade Zone Nanhui New City's development plan for the 14th Five-Year Plan period (2021-2025) indicates that the region's intelligent new energy vehicle industry will reach RMB 200 billion in value by 2025.
The goal of the zone is to focus on leading new energy vehicle enterprises, increase the layout of the upstream and downstream of the industry chain, and create an industrial ecosystem.
The plan says that it will accelerate independent research and development of core technologies in the electrification, networking, intelligence and sharing of intelligent new energy vehicles.
Shanghai will achieve breakthroughs in autonomous driving chips, sensors and components such as batteries, motors and electric controls, increase the proportion of local manufacturing and accelerate the localization of the supply chain of vehicle manufacturers.
In addition, the region will strengthen the linkage development with Pudong Jinqiao and jointly promote the complementary extension of the industrial chain in related fields.
(Image credit: CnEVPost)
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