Xiaotong Zhu on production growth
From Tom Zhu: How We Can Make More Cars And Faster. Cut from Tesla Investor Day · · InvestorsGuideToTheGalaxy
“We have achieved exponential growth in vehicle production, reaching four million cars built in just 12 years, with the second million taking 18 months and the third million only 11 months.”
On , Xiaotong Zhu, Senior Vice President of APAC & Global Vehicle Manufacturing at Tesla, Inc., spoke about production growth during Tom Zhu: How We Can Make More Cars And Faster. Cut from Tesla Investor Day on InvestorsGuideToTheGalaxy.
About Xiaotong Zhu
Xiaotong Zhu, Senior Vice President of APAC & Global Vehicle Manufacturing at Tesla, spoke at Tesla Investor Day on March 1, 2023, about the company's manufacturing progress and goals. He stated that Tesla had four vehicle factories on three continents with a total installed capacity of about 2 million cars per year, and that the company aimed to reach a target of 20 million cars annually by building new factories and lines. Zhu highlighted improvements in production efficiency, noting that Tesla reduced the time to build its first million vehicles to 12 years, the second million to 18 months, the third million to 11 months, and the fourth million to less than seven months. He described key metrics for factory performance as a 90% overall equipment effectiveness (OEE) and a 45-second cycle time, meaning a car leaves the assembly line every 45 seconds. Zhu also mentioned that a 5G private network at the Berlin factory helped resolve over 90% of site cycle issues for a specific process, and that the company planned to implement this globally. In a March 2, 2023, interview with Yahoo Finance, Zhu addressed concerns about U.S.-China tensions affecting Tesla's operations in China. He was reported as saying that Tesla is "hugely popular" in China and that the company's role as a major employer and supplier makes it a significant part of the Chinese economy, which likely insulates it from political pressures. Zhu also noted that Tesla hires many workers and its suppliers employ many people, suggesting the company's local presence helps mitigate geopolitical risks. The report mentioned that some lingering issues exist with Elon Musk's tweets about sensitive topics, but that Tesla's local operations in China are viewed as critical to its global strategy.