Brief by Shorts91NewsDesk / 07:28am on 13 Feb 2025,Thursday Business
Tesla has inaugurated a $200 million Megapack battery factory in Shanghai, its first energy storage gigafactory outside the U.S. Located near Tesla's existing car manufacturing Gigafactory in the Lingang Free Trade Zone, the new facility spans approximately 200,000 square meters and is designed to produce up to 10,000 Megapack units annually, equating to about 40 GWh of energy storage capacity. Each Megapack, an advanced lithium-ion battery system, can store over 3,900 kWh of electricity, sufficient to power approximately 3,600 homes for an hour. This expansion underscores Tesla's commitment to strengthening its energy storage business in China, despite ongoing geopolitical tensions between Washington and Beijing.
