American electric vehicle giant Tesla has just confirmed that its new Shanghai Megafactory is on track for completion in 2025 as planned, local media Pandaily reported.
Tesla Shanghai Megafactory on track for 2025 completion
Tesla Global Vice President Grace Tao answered several questions about the Shanghai Megafactory’s launch schedule and Gigafactory Shanghai’s expansion plans at a recent media briefing.
VP Tao disclosed that Tesla expects to complete the construction of the Shanghai Megafactory by next year. Therefore, the current construction work at the site is rapidly progressing.
Once completed, the Shanghai Megafactory will be the company’s first energy storage factory beyond North America.
About the project
Tesla aims to kick off Megapack production at the new Shanghai plant in the first quarter of 2025.
The Shanghai Megafactory is expected to hit an annual production output of 10,000 Megapack units at full capacity, equating to almost 40 gigawatt-hours of energy storage capacity.
The Musk-led automaker’s Chinese executives formally signed the project with local authorities in April 2023. Tesla reportedly paid RMB 222.42 million (about $31.13 million) for the rights to the 19.7-hectare (48.7-acre) site.
The total investment reportedly reached about RMB 1.45 billion for the 200,000-square-meter project. Notably, it has been benefitting from the new project service package by Lingang New Area in the field of engineering construction since the project announcement in December 2023.
The Shanghai Megafactory site is adjacent to the Gigafactory Shanghai, potentially enabling Tesla to benefit from a more efficient operation in China.
Megapack applications
The Shanghai Megafactory will primarily produce Megapacks, which are large-scale rechargeable li-ion battery stationary energy storage products.
For context, here are the key specifications of the Tesla Megapack:
| Feature | 2 Hour (Duration) | 4 Hour (Duration) |
| Power & Energy | 1,927 kW/3,854 kWh per Megapack | 979 kW/3,916 kWh per Megapack |
| Round Trip Efficiency | 92.0% | 93.7% |
| Dimensions (W x H x D) | 23.79 ft × 8.22 ft × 5.37 ft (7.25 m × 2.506 m × 1.637 m) | 28.87 ft × 9.14 ft × 5.41 ft (8.8 m × 2.785 m × 1.65 m) |
| Weight | 67,200 lb (30,500 kg) | 84,000 lb (38,100 kg) |
| Unit Cost | $1.47M | $1.39M |
| Interconnection | 480V AC 3 phase | 480V AC 3 phase |
| Ratings and Certifications | IP66, UL 1973/9540/9540A/1741, IEC 62619 | IP66, UL 1973/9540/9540A/1741, IEC 62619 |
During the media briefing, VP Tao also reiterated that Tesla will continue its production ramp-up in the Giga Shanghai. She also confirmed that the expansion of the Supercharger network in the country is still ongoing, alleviating current owners’ and prospective customers’ concerns over the lack of sufficient charging infrastructure.
As for the price cut concerns, the Tesla executive explained that market behavior determines these changes and that the company will persevere to fulfill market demand.
