Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Tesla’s Shanghai Megafactory Revolutionizes Energy Storage with 40 GWh Production Capacity

Daniel Kim Views  

Tesla\'s Shanghai BatteryPlant Megafactory Begins Operations / Xinhua News Agency
Tesla’s Shanghai BatteryPlant Megafactory Begins Operations / Xinhua News Agency

Tesla’s Shanghai battery plant Megafactory officially started operations on Tuesday.

According to Electrek, Tesla held an opening ceremony at its Megafactory in Shanghai’s Lingang Free Trade Zone, marking the start of full-scale production.

The plant has an annual production capacity of 10,000 Megapacks, equivalent to approximately 40 GWh (gigawatt-hours) of energy storage. This is Tesla’s first Megapack production plant outside the United States.

Tesla plans to begin shipping Megapacks produced at the Shanghai plant to Australia, an early adopter of its large-scale energy storage systems. Direct shipments from China are expected to improve the Australian market’s efficiency.

Industry reports suggest that while Tesla’s core automotive division faces declining revenue and profit margins, its energy storage business is experiencing remarkable growth. This surge is primarily attributed to the high demand for Megapacks and increased production at the California Megafactory.

With the Shanghai Megafactory fully operational, analysts project a 50% increase in Tesla’s energy storage installation capacity compared to last year.

Meanwhile, competition in the energy storage market intensifies as Tesla’s battery cell suppliers, BYD and CATL, introduce products similar to the Megapack.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible
  • Toyota’s bZ3X SUV Surges with 10,000 Pre-Orders: A New Era in EVs

You May Also Like

  • 1
    Doctors Urge Caution as Killer Bacteria Found in Warm Seawater

    LIFESTYLE 

  • 2
    Deadly Mosquito Alert Hits Just in Time for Japan’s Spring Travel Boom

    LIFESTYLE 

  • 3
    Diabetes Is Rising Fast in Young People — Here's What You Can Do

    LIFESTYLE 

  • 4
    We Tried a Week of Nothing but Protein Shakes—Here’s What Happened

    LIFESTYLE 

  • 5
    New Study Finds Gene That Could Ease Allergies in Kid

    LIFESTYLE 

Popular Now

  • 1
    Purple Carrots Are Making a Comeback—and Here’s Why You Should Care

    LIFESTYLE 

  • 2
    Beat Those Chills Without Pills: 5 Things You Can Do at Home

    LIFESTYLE 

  • 3
    New Study Says You Can Slim Down and Save Your Bones—Here’s How

    LIFESTYLE 

  • 4
    Thyroid in Overdrive? Check Your Iodine—It Might Be the Culprit

    LIFESTYLE 

  • 5
    Instant Noodles Got You Bloated? These Tiny Tomatoes Could Save the Day

    LIFESTYLE 

Must-Reads

  • 1
    Doctors Urge Caution as Killer Bacteria Found in Warm Seawater

    LIFESTYLE 

  • 2
    Deadly Mosquito Alert Hits Just in Time for Japan’s Spring Travel Boom

    LIFESTYLE 

  • 3
    Diabetes Is Rising Fast in Young People — Here's What You Can Do

    LIFESTYLE 

  • 4
    We Tried a Week of Nothing but Protein Shakes—Here’s What Happened

    LIFESTYLE 

  • 5
    New Study Finds Gene That Could Ease Allergies in Kid

    LIFESTYLE 

Popular Now

  • 1
    Purple Carrots Are Making a Comeback—and Here’s Why You Should Care

    LIFESTYLE 

  • 2
    Beat Those Chills Without Pills: 5 Things You Can Do at Home

    LIFESTYLE 

  • 3
    New Study Says You Can Slim Down and Save Your Bones—Here’s How

    LIFESTYLE 

  • 4
    Thyroid in Overdrive? Check Your Iodine—It Might Be the Culprit

    LIFESTYLE 

  • 5
    Instant Noodles Got You Bloated? These Tiny Tomatoes Could Save the Day

    LIFESTYLE 

Share it on...