• 127
  • 9
  • 1

Tesla to Build Shanghai Factory to Make Megapack Batteries: Report

Reuters2023-04-09

Tesla will build a factory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reported on Sunday (Apr 9).

Elon Musk's automaker will break ground on the plant in the third quarter and start production in the second quarter of 2024, Xinhua reported from a signing ceremony in Shanghai.

Complementing a huge existing Shanghai plant making electric vehicles, the new factory will initially produce 10,000 Megapack units a year, equal to around 40 gigawatt hours of energy storage, to be sold globally, Xinhua said.

Megapacks are Tesla's lithium-ion batteries, used for battery-storage power stations.

Tesla generates most of its money from its electric car business, but Musk has committed to grow its solar energy and battery business to roughly the same size.

Tesla has a factory producing Megapacks in Lathrop, California, capable of manufacturing 10,000 Megapacks per year.

The company began producing Model 3 cars in Shanghai in 2019 and now is capable of producing 22,000 units of cars per week.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment9

  • Sphere
    ·2023-04-09
    Up
    Reply
    Report
  • ZhongRenChun
    ·2023-04-09
    What is the difference between mega pack and power wall?
    Reply
    Report
  • Roy pv
    ·2023-04-09
    For Tesla the best is yet to come 
    Reply
    Report
  • CindyLoh
    ·2023-04-09
    Gd
    Reply
    Report
  • MickeyBond
    ·2023-04-09
    Ok
    Reply
    Report
  • Enenen
    ·2023-04-09
    Z
    Reply
    Report
  • All in Tesla
    ·2023-04-09
    That's bullish Tesla is expanding in China
    Reply
    Report
    Fold Replies
    • DarkFate
      Like
      2023-04-09
      Reply
      Report
  • RW52
    ·2023-04-09
    Electrifying [Sly] 
    Reply
    Report
  • MysticMel
    ·2023-04-09
    E-mobility is the future 
    Reply
    Report
errorbox banner

抱歉,当前请求异常(-1)

7x24

  • 15:33

    Spot Gold Rises 2.7% to $3167.67/Oz, Hitting All Time High

  • 15:32

    Brazil's Energy Minister Silveira: Trump's Bravado and Mistakes Will Create Good Business Opportunities for Brazil, Such as Reducing Fuel Prices

  • 15:32

    Euro Stoxx Index up 4.15%; Euro Zone Blue Chips up 4.4%

  • 15:32

    Europe's Stoxx 600 up 3.93%, Best Day Since March 2022

  • 15:32

    Britain's Ftse 100 up 3.19%; Germany's Dax up 4.67%

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial