What is the factory energy storage project

Where is Tesla's Energy Storage Super Factory located?

Situated in Shanghai's Lin-gang Special Area, the plant marks Tesla's inaugural venture into an energy storage super factory project outside the United States, showcasing the company's rapid advancements in the energy storage sector.

Where is China's new energy-storage plant located?

The company's new plant will be located in the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone. 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.

How big is Tesla's energy storage capacity?

Its energy storage products are operating in over 65 countries and regions globally, with total deployment exceeding 10 gigawatt-hours. In 2023, Tesla's total energy storage capacity reached 14.7 GWh, with profits nearly quadrupling.

How much energy does a Megapack store?

Each Megapack unit can store over 3.9 megawatt-hours of energy, meeting the one-hour power needs of 3,600 households. Moreover, a cluster of 200 Megapack units can store 1 million kilowatt-hours, enough to power San Francisco for six hours.

Is Tesla a leader in energy storage?

Since 2015, Tesla has strategically positioned itself in the energy storage industry, witnessing rapid growth and rivaling its electric vehicle sector. Its energy storage products are operating in over 65 countries and regions globally, with total deployment exceeding 10 gigawatt-hours.

Why did Tesla build a new mega plant in Shanghai?

Tesla's decision to build the new mega plant in Shanghai is a positive signal demonstrating foreign enterprises' confidence in the Chinese economy as it bounces back from COVID and presses ahead to maintain steady and quality growth.