Tesla to Build Factory in Shanghai for Large-Scale Batteries

The company plans to break ground this year on a plant that will produce 10,000 of its energy-storage units known as Megapacks annually.

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By Reuters

April 9, 2023

SHANGHAI — Tesla will build a factory in Shanghai to manufacture its large-scale energy-storage battery known as the Megapack, the Chinese state news agency Xinhua reported on Sunday.

Tesla, which is owned by Elon Musk, will break ground on the plant in the third quarter of this year and start production in the second quarter of 2024, Xinhua reported.