Tesla’s Shanghai MegaFactory will begin capacity ramp-up in the first quarter. The factory, which took seven months to complete construction, is Tesla’s first energy storage project outside the United States.
Tesla (TSLA) in Shanghai, which produces energy storage products, will officially begin production for a week starting today after trial production began at the end of 2024.
Tesla is scheduled to hold a ceremony to commemorate the start of official production at the Shanghai Mega Factory on the morning of February 11th, with the electric vehicle (EV) manufacturer taking the report today by local media outlet Shanghai Securities News It was quoted as saying in.
MegaFactory will begin capacity ramp-up in the first quarter, the report said.
The factory was completed at the end of December 2024, with construction completed in seven months and a new “Tesla Speed” set up, a brief report states.
Tesla began construction on the Shanghai Mega Factory on May 23, 2024. This is the first energy storage project outside the United States.
The factory is located in the Lingan district of Pudong, Shanghai, and is home to Tesla’s EV Factory in China, producing Model 3 and Model Y.
Shanghai Lingan Economic Development Group is China’s first customer of Megapack, a factory product, and signed with Tesla for its first order at a groundbreaking ceremony last May.
On December 31, the state-run Xinhua news agency reported that Tesla Mega Factory has completed construction, started testing production, and mass production is expected to begin in early 2025.
Tesla’s energy storage products include power walls, power packs and mega packs. Shanghai MegaFactory produces Megapack, an ultra-large commercial energy storage battery that is primarily supplied to the global market.
MegaFactory is expected to enter production in the first quarter of 2025, with Megapack’s production reaching 10,000 units per year, with approximately 40 GWh of energy storage, which previously stated.
Megapack is a powerful battery that stores and supplies energy, helping to stabilize the grid and prevent power outages. 40 GWH power is enough to power 50,000 homes in Shanghai for a year.
According to Tesla’s website, each Megapack unit can store more than 3 MWH of energy, and is enough to power 3,600 homes for an hour.
Last June, local media outlet LatePost confirmed that the main supplier of battery cells used at Tesla’s Shanghai Megapack was CATL, with BYD (HKG: 1211, OTCMKTS: BYDDY) as the alternative supplier. Confirmed with telley I reported that it had done.
BYD’s FindReams Unit that supplies battery cells to Tesla’s Shanghai MegaFactory
