Tesla will open a Megapack battery factory in Shanghai, it said on Sunday, as it doubles down on its investment in China even as political tension rises between Beijing and Washington.
The news was announced just days after Airbus unveiled plans for a second final-assembly line in the country’s north, with officials publicly rolling out the welcome wagon for foreign investors.
The Tesla factory will be able to produce 10,000 Megapacks, which are very large batteries used to store huge amounts of electricity, the company said in a tweet. It announced the new factory with a picture of a signing ceremony in China.
“Tesla opening Megapack factory in Shanghai to supplement output of Megapack factory in California,” Elon Musk said on Twitter.
Megapacks are meant to be used as massive batteries to help stabilize energy grids. Each unit can store enough energy to power an average of 3,600 homes for one hour, the company says. They are designed for utilities and large-scale commercial projects, not vehicles.
Comments