Tesla’s energy storage factory in Shanghai is expected to complete construction by the end of this year and begin production in the first quarter of 2025.
Tesla’s (NASDAQ: TSLA) giant factory in Shanghai is nearing completion of construction, with planned opening in the first quarter of next year.
The US electric vehicle (EV) maker’s Shanghai energy storage plant is expected to be completed by the end of this year, local media outlet Shanghai Observer said in a report today.
Construction of the megafactory is expected to take seven months from groundbreaking to completion, which is faster than the construction of the Giga Shanghai vehicle assembly plant, the report said.
Giga Shanghai began construction on January 7, 2019 and began operations by the end of 2019, making it China’s first fully foreign-owned automobile manufacturing project.
On May 23, Tesla broke ground on its first energy storage project outside the United States, the Shanghai Megafactory.
Shanghai Lingang Economic Development Group became China’s first customer for the factory’s Megapack products, signing its first order with Tesla at a groundbreaking ceremony.
Tesla’s energy storage products include Powerwall, Powerpack, and Megapack. The Shanghai Megafactory mainly produces megapacks, ultra-large commercial energy storage batteries, for the global market.
The megafactory is scheduled to begin production in the first quarter of 2025, with production of 10,000 Megapacks per year and approximately 40GWh of energy storage, Tesla previously said.
Megapack is a powerful battery that stores and supplies energy to help stabilize the power grid and prevent power outages. A total of 40GWh of electricity is enough to power 50,000 households in Shanghai for one year.
According to Tesla’s website, each MegaPack unit can store more than 3MWh of energy, enough to power 3,600 homes for one hour.
Shanghai is an important city for Tesla’s development in China and has the most Tesla Supercharger stations in the country, according to a Shanghai Observer report.
According to the report, Tesla has currently built 204 Supercharger stations in Shanghai, offering 1,540 Superchargers.
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