Tesla to open a brand-new Megafactory in Shanghai, China, business states

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Tesla to open a new Megafactory in Shanghai, China, company says

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A Tesla Megapack in Moss Landing, California

Andrew Evers|CNBC

Tesla will open a brand-new Megafactory in Shanghai, China, that can producing 10,000 Megapacks a year, the business revealed in a tweet Sunday.

A Megapack is a huge battery that shops energy, assists support the power grid and avoids blackouts. These batteries allow grid operators to move additional capability in between counties or states and guarantee that power from periodic sources can be saved and utilized when need is greater, or when there are unexpected blackouts in a transmission network.

Tesla presently has a Megafactory in Lathrop, California, that can producing 10,000 Megapacks systems each year, according to the business’s site. In a tweet Sunday, Tesla CEO Elon Musk stated the factory in China will supplement output from the factory in California.

The business is preparing to begin building the factory throughout the 3rd quarter of this year, and it will intend to begin production around midway through 2024, the Chinese state media outlet Xinhua reported Sunday from a finalizing event in Shanghai.

Tesla and Musk did not instantly react to ask for remark.