Tesla To Boost Capacity At Shanghai Gigafactory

Tesla will increase the capacity of its gigafactory in Shanghai to 450,000 cars this year from the current 250,000 as the vehicles produced there enjoy growing popularity, the company said as quoted by Chinese media. "Over a multiyear horizon, we expect to achieve 50 percent average annual growth in vehicle deliveries. In some years we may grow faster, which we expect to be the case this year," the company said. Tesla started shipping China-made cars last year, with the Model 3. Earlier this year, the company started delivering China-made Model…