Tesla has announced plans to build a new Shanghai Megapack factory.
The factory will add to Tesla's current megapack production in California.
- According to the company, the Shanghai Megapack factory will produce around 10,000 Megapacks per year.
- This makes the Shanghai plant roughly equal to the California factory.
- Once built, the plant will help Tesla produce 40 gigawatt-hours of energy storage.
- Tesla reportedly will begin construction in late 2023 and aims to start production in Q2 2024.
- Megapack
factories are strategically important for Tesla's goal of becoming a
multi-faceted energy company. The batteries produced at these factories
help stabilize large grids and enable them to interoperate between
different networks more efficiently.
