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Tesla to open Megafactory in Shanghai

Tesla to open Megafactory in Shanghai
# 10 April 2023 02:25 (UTC +04:00)

Tesla Inc. will open its next Megafactory in Shanghai, China, to supplement its existing production in California, CEO Elon Musk announced on Sunday, APA reports citing Teletrader.

The new battery plant will have the capacity to produce 10,000 Tesla Megapacks per annum, which are powerful batteries built by the carmaker to provide energy storage and support for large amounts of electricity.

According to Musk, construction of the new factory is planned to begin in the third quarter of this year, with production expected to commence in the second quarter of 2024.

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