Tesla Inc will build a factory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reported on Sunday.
will build a factory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reported on Sunday.
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. 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.has also been deepening its collaborations with clients including Tesla in energy storage battery supplies, which its Chairman Robin Zeng expected to have a larger market than batteries powering electric vehicles .
The company began producing Model 3 cars in Shanghai in 2019 and now is capable of producing 22,000 units of cars per week.the Gigafactory Shanghai, its most productive automaking plant, to add an annual capacity of 450,000 units, Reuters reported last May.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla to build Shanghai gigafactory to make energy storage product - XinhuaTesla Inc will build a gigafactory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reported on Sunday.
Read more »
Smart #3 coupe-like crossover to debut at Shanghai auto showThe rebooted Smart is almost ready to reveal its second model.
Read more »
Ethereum (ETH) Shanghai Upgrade Sparks Market Attention Ahead of LaunchEthereum (ETH) Shanghai upgrade just days away, here's why market is paying attention ETH $ETH ShanghaiUpgrade Shapella ETHShanghai
Read more »
Ethereum Shanghai hard fork: ETH price set for more gains versus Bitcoin in AprilEther has outperformed Bitcoin so far in April, rising 2.5% versus the latter's 1.5% drop.
Read more »
Tesla cuts prices in the US again to spur demandTesla is cutting prices once again in an attempt to boost demand for the electric automobiles. Tesla did a round of price cuts in January too, reducing prices by 20%.
Read more »
Tesla recalls 422 U.S. vehicles over suspension partTesla is recalling just over 400 Model 3 vehicles in the United States because front suspension lateral link fasteners may loosen.
Read more »