Tesla announces a new Megafactory coming to China
Apr 9 2023
Tesla has announced a new deal to build a Megafactory in Shanghai, China, to build energy storage products in the market.
Last year, Tesla launched its first Megafactory in California.
The plant is dedicated to producing Megapacks, a large battery system used in large-scale energy storage projects for electric utilities around the world.
It is supplementing production from Gigafactory Nevada and adding a capacity of up to 40 GWh annually – more than the global capacity of stationary energy storage.
Despite that new capacity, Tesla still has about a two-year-long backlog of orders for the Megapack as the product has become the go-to for electric utilities wanting to deploy energy storage at a large scale to either stabilize their grid or take better advantage of renewable energy, like solar power.
Now Tesla is adding even more capacity with the announcement of a new Megafactory in China:
