Tesla’s ambitious energy storage megafactory in Shanghai is on track for completion by the end of this year, marking a significant milestone in the company’s global expansion efforts.
Announced by Tesla China, the factory broke ground in late May and is dedicated to producing the company’s large-scale energy storage batteries, the Megapack. With mass production slated for the first quarter of 2025, the facility aims to manufacture an initial 10,000 units annually, equating to approximately 40 GWh of energy storage capacity.
Covering an impressive area of around 200,000 square meters, the new plant represents a substantial investment of about 1.45 billion yuan (around $199 million). This development is supported by the administration of the Lin-gang Special Area of the China (Shanghai) Pilot Free Trade Zone, highlighting the region’s strategic importance in global trade and innovation.
The Shanghai megafactory is Tesla’s first energy storage facility outside the United States and the company’s second plant in the city, following the successful establishment of its gigafactory in 2019. This expansion underscores Tesla’s commitment to scaling up its energy solutions worldwide and strengthening its presence in the Asian market.
The completion of the Shanghai megafactory is expected to bolster the global supply of energy storage systems, catering to the growing demand for sustainable energy solutions. It signifies an important step in the global transition towards renewable energy, aligning with international efforts to address climate change and promote environmental sustainability.
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Tesla's Shanghai energy storage megafactory set to be completed
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