(ECNS) -- Tesla China is not setting up a second factory in Shanghai, an insider said on Thursday.
"It is production expansion, rather than a second plant," said the insider.
A previous report said that Tesla was going to build a second assembly line near the Shanghai Gigafactory to add 450,000 units of annual capacity.
The existing Giga Shanghai plant built 484,130 Model 3 and Model Y vehicles in 2021, representing 51.7 percent of Tesla's global total of 936,000 units.
Employees work at the Tesla Gigafactory in Shanghai, Nov 20, 2020. (File photo/Xinhua)