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Tesla to build Shanghai factory to make Megapack batteries [View all]
Rumors of another one for Europe. Megapacks allow utilities to store excess wind and solar energy for times of peak demand.
Tesla Inc (TSLA.O) is opening a factory in Shanghai, capable of producing ten thousand Megapack energy product per year, to supplement output of Megapack factory in California, the company said in a tweet on Sunday.
(edit)
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.
https://www.reuters.com/business/autos-transportation/tesla-build-shanghai-gigafactory-make-energy-storage-product-xinhua-2023-04-09/
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