$Tesla (TSLA.US)$ is doubling down on its investment in Chin...

$Tesla(TSLA.US)$ is doubling down on its investment in China. A recent filing with the local Shanghai government revealed the company is proposing to expand part manufacturing capacity at its Giga Shanghai to meet export demand.

The Giga Shanghai serves as Tesla's export base. The company ships vehicles out of the plant to Europe, as the reopening of the Giga Berlin plant has been pushed back due to environmental concerns. The company currently manufactures its Model 3 sedans and Model Y SUVs in its Chinese plant.

Tesla delivered 484,130 units of Giga Shanghai-made cars in 2021, which includes both domestic sales exports. Production capacity during the year was at 450,000 units.