Tesla has commissioned a new megafactory in Shanghai, China, to manufacture energy-storage batteries, known as Megapacks, reported Xinhua.
This facility, which is set to contribute to Tesla's global energy storage goals, will have an initial annual production capacity of 10,000 units, or roughly 40 gigawatt-hours.
Tesla vice-president Mike Snyder was quoted by the news agency as saying: “We've witnessed the incredible speed of Shanghai and Tesla once again. I'm excited to have this factory kick off an exciting year for Tesla.”
Spanning approximately 200,000m2, the facility is expected to boost energy storage deployments by 50% year-on-year in 2025.
The Shanghai plant, which represents a total investment of about 1.45bn yuan ($202m), is located in the Lin-gang Special Area of the China (Shanghai) Pilot Free Trade Zone.
This megafactory is Tesla's second major plant in Shanghai.
Tesla expects the new factory to become a cornerstone of its global production network, reported the media agency.
In the US, Tesla operates a Megapack factory in California. It has an annual production capacity of 10,000 units.
Last month, it was reported that the company received 70,000 bookings for the facelifted Model Y in the first week of pre-orders, which began on 10 January 2025.
The production of the revised Model Y started at the Shanghai Gigafactory, where the Model 3 is also produced.
Recently in China, Toyota Motor unveiled plans to establish a wholly-owned subsidiary to produce battery electric vehicles (BEVs) under its luxury Lexus brand.
