SHANGHAI: Tesla will build a new facility in Shanghai to make its Megapack batteries.
The factory, which will have an initial capacity of 10,000 Megapack units per year, is expected to “start production in the second quarter of 2024”, according to the Xinhua News.
The US electric car maker says its Megapacks are intended to store energy and stabilise supply for power grids, with each unit able to store more than 3 megawatt-hours of power.
The plant will be Tesla’s second factory in the Chinese city after its massive Shanghai Gigafactory, which broke ground in 2019.
Lu Yu, a local official, said the new battery factory was expected to create an “industrial cluster” worth more than $14 billion, according to Xinhua.
