Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Tesla has revealed plans to produce 2mn cars in Berlin, Germany, and 100,000 more units at its Fremont facility in California. 


According to media reports, the company is nearing the completion of its ‘Gigafactory’ near Berlin in Grünheide, Germany that will initially produce 500,000 units. The factory will scale up production to 2mn vehicles in the coming years. In comparison, Volkswagen produced 1mn cars at its flagship facility in Wolfsburg. 


Tesla also intends to increase capacity at its first plant in Fremont from 400,000 to 500,000 units. This facility produces the Model 3 and Model Y range. In Austin, Texas, the electric vehicles (EV) maker plans on similar volumes for Cybertrucks, the newest addition to its range of products. 


In Tesla’s Q2 outlook, founder Elon Musk said he intends to deliver 500,000 units by the end of 2020. In the first half, the number of units delivered stands at 179,387. 


The global EV market continues to grow at a tremendous pace with Volkswagen, GM, and Ford entering the segment. Many startups like Nikola, Rivian, and Rimac have also started operations in the past 12 months. 


EVs outperformed traditional car sales in the first half of the year, in both the US and EU amid a global trend of switching to low-emission vehicles. 

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