Chinese Tesla factory to build Model 3, Model Y

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Inc’s Shanghai Gigafactory is planning to produce two models in its first phase project, a Shanghai government filing showed on Wednesday.

The new , based in eastern China, aims to manufacture and Model Y cars, with annual capacity of 250,000 vehicles, according to a filing by the environmental assessment firm conducting a feasibility study for the project.

A Tesla spokeswoman Reuters tried to reach did not immediately respond to a request for comment.

Tesla signed an agreement with the Shanghai government last week for an 860,000 square meter site to secure its first overseas Gigafactory, which will cost around $2 billion to construct.

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