Tesla will construct a manufacturing unit in Shanghai to make the Megapack power storage product, Chinese state media outlet Xinhua has reported.
Elon Musk’s automaker will break floor on the plant within the third quarter and begin manufacturing within the second quarter of 2024, Xinhua reported from a signing ceremony in Shanghai.
Complementing an enormous current Shanghai plant making electrical automobiles, the brand new manufacturing unit will initially produce 10,000 Megapack models a yr, equal to about 40 gigawatt hours of power storage, to be offered globally, Xinhua stated on Sunday.
Megapacks are Tesla’s lithium-ion batteries, used for battery-storage energy stations.
Tesla generates most of its cash from its electrical automotive business, however Musk has dedicated to develop its photo voltaic power and battery business to roughly the identical dimension.
Tesla has a manufacturing unit producing Megapacks in Lathrop, California, able to manufacturing 10,000 Megapacks per yr.
The firm started producing Model 3 automobiles in Shanghai in 2019 and now could be able to producing 22,000 models of automobiles per week.
Source: www.perthnow.com.au
