Tesla Motors says it has found a way to produce the Model 3 in a plant in Ohio.
The automaker said it will start manufacturing the car at the Ohio plant in mid-April, and it expects to finish production in the spring.
The announcement comes after Tesla said it had been in talks with several suppliers about sourcing parts for the car, which has become a huge success.
Tesla says it expects the car to sell between 400,000 and 500,000 units in its first year, as the company ramps up production.
The company said it has a $4.4 billion cash and marketable securities position in the Model S sedan and the Model X crossover, as well as a $1.8 billion cash position in its Gigafactory in Nevada.
It also has a “high-risk” position in Model X, which it says it plans to build for the first time, but it has not said when it will be finished.
In March, Tesla said the company had ordered 2,500 of the vehicles from the European manufacturer of electric vehicles, while it was still waiting for the other 5,000 to be delivered.