The Megafactory is initially planned to have an annual production capacity of up to 10,000 units of commercial energy storage batteries, with an energy storage scale of nearly 40 GWh.
Tesla will build a new Megafactory in Shanghai that will be dedicated to the production of Megapack, the company's energy storage product, according to an announcement today from the Shanghai Lingang management committee.
The Megafactory is initially planned to produce up to 10,000 units of commercial energy storage batteries per year, with an energy storage scale of nearly 40 GWh, and the products will be available to the global markets.
The factory is scheduled to start construction in the third quarter of this year and put into operation in the second quarter of 2024.
Notably, Tesla has been hiring for a Megapack project manager position in Shanghai since last month.
"You will interface with design engineering, manufacturing engineering, compliance, system test, reliability, supply chain and operations to define and drive development of new product programs while also managing change on existing programs," the job description reads.
A Megapack currently starts at $187,980,040 in the US, a reduction of nearly $30,000 from its initial price, with expected delivery in the first quarter of 2025.
Tesla's current business landscape consists primarily of electric vehicles and renewable energy, with the latter divided into solar and energy storage devices, currently available in Powerwall, Powerpack, Megapack and other products.
Megapack is a powerful battery that stores energy and supplies it, helping to stabilize the grid and prevent power outages.
Each Megapack unit can store more than 3 MWh of energy, enough to power 3,600 homes for one hour, according to Tesla's website.
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