According to an announcement made by Tesla on Sunday, the electric vehicle manufacturer intends to construct a facility in Shanghai with the purpose of producing its large-scale batteries there.
According to the information provided by the firm, the manufacturing facility in China will have the capacity to build 10,000 Megapack power-storage units annually.
The Tesla Megapacks are massive batteries that may be used to stabilize power systems and avoid outages. According to the business, a single unit is capable of providing electricity to an average of 3,600 houses for one hour. These batteries were developed specifically for use in large-scale commercial and utility applications.
According to the electric vehicle manufacturer, Tesla has a Megapack plant in Lathrop, California, which has the capacity to produce 10,000 Megapack units on an annual basis.
Our next Megafactory will be in Shanghai 🇨🇳—capable of producing 10k Megapacks per year pic.twitter.com/KlVGq5gYOg
— Tesla (@Tesla) April 9, 2023
Elon Musk, CEO of Tesla, said on Sunday via Twitter that the Shanghai Megapack facility would “supplement production” from the company’s plant in California.
According to Xinhua News Agency, Tesla is scheduled to begin construction on the new facility during the third quarter of this year, and manufacturing is expected to begin around the second quarter of 2024. Xinhua News Agency is a state-run news agency.
Tesla was forced to pay more than $3 million to a former worker who claimed racial mistreatment at the facility. The complaint was brought against Tesla.
There is already a plant in Shanghai that is dedicated to the production of electric automobiles by Tesla.
The electric vehicle manufacturer has been cutting the pricing of its vehicles in recent months in an effort to attract new customers. According to the information provided on its website, Tesla reduced costs in the United States by anywhere from two percent to around six percent as of Friday.