- Tesla to build new battery factory in Shanghai for Megapack energy storage units.
- Construction to begin in Q3 2023, with production starting in Q2 2024.
- China already has the largest battery manufacturing capacity in the world.
- Megapack is intended for grid-scale energy storage.
- Tesla's existing car factory in Shanghai produced 711,000 cars last year.
Tesla New Battery Plant Cements China’s Place in Energy Storage
Tesla Inc. will build a large new battery factory in Shanghai, further cementing China’s place at the top of the global energy storage supply chain.
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