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Tesla to build Shanghai gigafactory to make energy storage product

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Tesla Inc will construct a manufacturing facility in Shanghai to make the Megapack power garage product, Chinese kingdom media outlet Xinhua said on Sunday.

Elon Musk`s automaker will smash floor at the plant withinside the 1/3 zone and begin manufacturing withinside the 2nd zone of 2024, Xinhua said from a signing rite in Shanghai.

Complementing a big present Shanghai plant making electric powered vehicles, the brand new manufacturing facility will to start with produce 10,000 Megapack devices a year, identical to round forty gigawatt hours of power garage, to be bought globally, Xinhua said.

Megapacks are Tesla’s lithium-ion batteries, used for battery-garage electricity stations.

Tesla generates maximum of its cash from its electric powered vehicle enterprise, however Musk has devoted to develop its sun power and battery enterprise to more or less the identical size.

Tesla has a manufacturing facility generating Megapacks in Lathrop, California, able to production 10,000 Megapacks in step with year.

The business enterprise commenced generating Model three automobiles in Shanghai in 2019 and now’s able to generating 22,000 devices of automobiles in step with week.

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