Tesla will open a Megafactory in Shanghai, the electric vehicle company said on Twitter on Sunday.
The factory will be able to make 10,000 Megapacks each year, which are very massive batteries used to store utility-scale amounts of electricity. The corporation unveiled the new factory with a photo of a signing ceremony in China.
“Tesla opening Megapack facility in Shanghai to augment output of Megapack factory in California,” Elon Musk said on Twitter.
The story was initially reported by the Chinese state media agency Xinhua, who stated that the electric automaker will break ground in the third quarter of this year and begin manufacturing in the second quarter of 2024.
Tesla has a Megafactory in Lathrop, California, that can produce 10,000 Megapack units per year, which is equivalent to 40 gigatonne-hours of energy storage.