Tesla Official Launch of New Mega Factory in Shanghai

Tesla Inc., the American automaker, has officially launched a groundbreaking mega factory project in Shanghai capable of manufacturing 10,000 Megapacks annually, as revealed by the company.

The initiation of the project’s land acquisition was commemorated with a signing ceremony on a Friday morning in Shanghai. This event marks the formal commencement of what Tesla refers to as a “milestone project.”

According to information available on Tesla’s official website, the Megapack, a potent battery, serves the purpose of energy storage and support. Its primary function is to contribute to grid stability and prevent power outages.

Situated in the Lingang new area within the China (Shanghai) Pilot Free Trade Zone, the new project is slated to commence construction in the first quarter of 2024. Production is expected to kick off in the fourth quarter of the same year, as reported by Xinhua.

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