At the launching ceremony, Mike Snyder, Tesla''s vice president of energy and charging, noted that Tesla''s Shanghai energy storage Megafactory is scheduled to ramp up production this quarter, which will assist Tesla to expand into more markets. "We''ve witnessed the incredible speed of Shanghai and Tesla once again.
Mass production at the Shanghai facility is expected to fully commence in the first quarter of 2025, Tesla said. With an initial annual production capacity of 10,000 units, or roughly 40 gigawatt-hours of energy storage, this Megafactory is set to significantly contribute to Tesla''s global energy storage goals.
The facility, first announced in April 2023, marks Tesla’s continued expansion in China, the world’s largest electric vehicle and energy storage market. Located in Shanghai’s Lingang Free Trade Zone, the plant aims to bolster global energy storage capacity by producing 10,000 Megapacks annually, equivalent to 40 GWh of energy storage.
U.S. carmaker Tesla''s new Megafactory in Shanghai, dedicated to manufacturing its energy-storage batteries, known as Megapacks, launched production on Tuesday, marking a significant expansion of the company''s presence in China. [Photo/Xinhua]
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