American electric automaker Tesla announced on April 10 plans to launch a new Megafactory in Shanghai, China, via its official Twitter account.
Remarkably, the automaker anticipates the new facility to reach a production rate of around 10,000 Megapacks annually.
“Our next Megafactory will be in Shanghai—capable of producing 10k Megapacks per year.”
Tesla via Twitter
As of now, the EV giant owns a Megafactory in Lathrop, California. Tesla’s website claims that the battery production plant currently has a production rate of 10,000 units annually.
Tesla Megapacks
For those unaware, Tesla Megapacks aid in stabilizing electric grids and preventing power outages.
Thanks to these large batteries, grid operators can move extra capacity between different nations or states. It enables them to ensure that electricity from sporadic sources may be stored and utilized during periods of peak demand or unanticipated transmission network failures.
Interestingly, Tesla boss Musk shared on his Twitter account that the Shanghai Megafactory will “supplement output of Megapack factory in California.”
Schedule
Chinese media platform Xinhua reported Tesla’s plans to break ground at the Shanghai site by Q3 2023, with plans to start production by about halfway through the following year.
The report also suggests that the new Megafactory can potentially generate an industrial cluster of more than 100 billion yuan ($14.54 billion).
Unfortunately, Tesla and its CEO Elon Musk have not yet provided any confirmation about the reported schedule.
