The factory wants to build an energy storage power station

Is Tesla building a Megapack factory in Shanghai?

The U.S. company is launching a new facility in Shanghai to produce 10,000 Megapacks a year, as a boost for renewables. Tesla is building a new factory in Shanghai, China, that will crank up production of its energy storage product, Megapack.

Why is Tesla establishing a battery factory in Shanghai?

By establishing a battery factory in Shanghai, Tesla can tap into China's robust supply chain, cementing its competitive edge in global markets while driving down manufacturing costs across the board. Tesla's new factory primarily produces Megapack batteries.

Will Tesla's new factory create an industrial cluster worth 100 billion yuan?

Tesla's new factory is expected to create an industrial cluster worth over 100 billion yuan, said Lu Yu, an official of the Lin-gang Special Area Administration. US carmaker Tesla Inc announced Sunday that it will build a new Megafactory in Shanghai, which will be dedicated to manufacturing the company's energy storage product Megapack.

How much energy can a Tesla Megapack store?

According to Tesla, each Megapack is capable of storing more than three megawatts of energy, or enough to power an average of 3,600 homes for an hour. A Canalys report last month pointed to China as the world's largest electric market, accounting for 59% of all units sold in 2022.

How much electricity does a Megapack store?

Resembling a white shipping container, Megapack weighs over 38 tons and can store 3.9 megawatt hours of electricity – enough to power 3,600 households for one hour. Official reports indicate that the initial production plan targets an annual output of 10,000 Megapack units, matching the capacity of Tesla's Lathrop, California, factory.

What will Shanghai's energy-storage project do?

Zhuang Mudi, deputy secretary-general of the Shanghai municipal government, said the project will help drive the development of the new energy-storage industry, as well as the green and low-carbon transformation of Shanghai.