CGTN
01 Jan 2025, 02:04 GMT+10
A night view of Tesla's energy storage Megafactory in Shanghai, December 17, 2024. /CFP
U.S. carmaker Tesla's Shanghai energy storage Megafactory has begun trial production, serving as a good example of cooperation between China and the United States to address climate challenges.
The new plant is dedicated to manufacturing Megapacks, Tesla's energy-storage batteries, with mass production expected to commence fully in the first quarter of 2025, Tesla China told Xinhua on Tuesday.
The facility was built with an initial annual production capacity of 10,000 units, equal to around 40 gigawatt-hours of energy storage, according to the company.
The project is Tesla's second plant in Shanghai, underscoring the U.S. company's commitment to investing in the world's second-largest economy, its confidence in China's manufacturing capabilities, and the strengthened economic ties between the two countries in the new energy sector, said Wu Qisheng, a researcher at the Shanghai Academy of Social Sciences.
Covering an area of approximately 200,000 square meters, the new plant represents a total investment of about 1.45 billion yuan (about $198.7 million), according to the administration of the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone.
Source: CGTN
Get a daily dose of Shanghai Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.
More InformationLONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
Mumbai (Maharashtra) [India], July 3 (ANI): Indian stock markets opened with gains on Thursday, but caution prevailed as investors...
The alliances latest summit avoided confronting Beijing but could not cover up the efforts to contain the Asian great power The June...
The alliance's latest summit avoided confronting Beijing but could not cover up the efforts to contain the Asian great power ...
The alliances latest summit avoided confronting Beijing but could not cover up the efforts to contain the Asian great power The June...
The alliances latest summit avoided confronting China but could not cover up the efforts to contain the Asian great power The June...