April 13, 2023: Tesla is investing an undisclosed quantity to fabricate Megapack power storage techniques at a brand new plant in Shanghai, the corporate mentioned on April 9.
The manufacturing facility has an annual manufacturing capability of 40GWh, producing about 10,000 Megapacks per 12 months.
Based on Chinese language state media, Tesla will break floor for the Lin-gang pilot free commerce zone space venture within the third quarter of this 12 months and begin manufacturing within the second quarter of 2024.
Zhuang Mudi, deputy secretary-general of the Shanghai municipal authorities, mentioned the venture will assist push the event of the power storage trade in addition to the low-carbon transformation of Shanghai.
In January 2019, Tesla broke floor on a automobile manufacturing plant in Shanghai, changing into the primary firm to learn from a coverage permitting overseas automobile makers to construct wholly-owned factories. subsidiaries in China.