Tesla plans to expand the production capacity of its Shanghai factory to 450,000 cars per year, ThePaper reported on Thursday.

It is noteworthy that the production capacity of Shanghai factory was 150,000 a year when it officially delivered the first batch of made-in-China Model 3 sedans earlier in 2020.

The Shanghai Gigafactory is able to produce more than 250,000 cars a year so far, according the carmaker's fourth quarter financial report in 2020.

As Model Y started production in the end of 2020, the Shanghai-based factory has been in full production.

"We ramped up Model 3 in China to over 5,000 cars per week," said Elon Musk, Tesla CEO, during the conference call about the company's fourth quarter financial report.

Based on these data, the factory will have a production capacity around 200,000 per year for Model Y, ThePaper said.