US automobile manufacturer Tesla received the construction license for its second factory in China.
US automobile manufacturer Tesla continues to work on its second factory in China.
The facility in question will be Tesla's first large energy storage factory outside the US market.
Tesla received the construction permit for its second factory in China and started work quickly.
The factory is expected to start mass production in the first quarter of 2025. In the first phase of the mega factory, it is planned to produce 10 thousand commercial energy storage batteries with an energy storage capacity of approximately 40 GWh per year.
It was learned that the commercial energy storage battery in question, each of which can store more than 3 MWh of energy, will be used in multi-scenario applications such as renewable energy systems.
Tesla's mega factory in Shanghai will not only be a significant optimization of the company within the scope of global production regulation, but will also help green and low-carbon transformation with the development of a new type of energy storage industry in Shanghai.
According to the information obtained, the project, which covers an area of 200 thousand square meters, will be realized with an investment of 1 billion 450 million yuan (approximately 200 million 356 thousand dollars).
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