Tesla Might Team With Magna For Model 3 Production In Europe
One way to possibly free up additional production for the Tesla Model 3 would be to expand to outside the U.S.
Makes sense, right?
Rumors suggest that Tesla may actually be in talks with a supplier in Europe for Model 3 production beyond the borders of the U.S.
This rumor comes to us via a Tesla supplier by the name of Polytec.
That supplier told shareholders that there’s a possibility Tesla will turn to the another supplier for more than just parts. It’s believed that Tesla may in fact reach out to Magna for production of its electric vehicles in Europe.
Now, here’s where it gets even more confusing. Polytec Finance Chairman Peter Haidenek allegedly told shareholders that Magna, one of the world’s largest suppliers, has been contacted to possibly produce major components ( or even entire vehicles) for Tesla in Europe. Here’s what Haidenek told shareholders (via Google Translate)
“We are currently in close contact with Tesla, just a few days ago two colleagues in Silicon Valley were visiting Tesla. The top spot on the conversation agenda was the possible commitment of Tesla in Europe. We expect Tesla to become active in Europe. The starting time and location do not yet seem to be determined. Tesla sees us as one of the preferred solution providers for their possible production in Europe. The product range to be supplied by us in such a case could, among other things, cover the encapsulation of the batteries, Tesla has shown great interest in our developments. “
Why would Polytec care? As a major supplier in Europe, this could mean Polytec would have the chance to become a top supplier for the Teslas produced (or major components manufactured) on the other side of the Atlantic.
It’s long been known that Tesla has sought manufacturing capabilities outside of the U.S., so a move such as this shouldn’t be surprising. However, this is the first time we have what seems to be concrete information on foreign production. And Magna is no stranger to electric car production, so this intel seems at least feasible.