Tesla has inaugurated its Shanghai megapack battery plant, marking a significant milestone in their endeavors. The unveiling included a ceremony commemorating the land acquisition for this ambitious project, as reported by Chinese state media.
This facility has the capacity to produce an impressive 10,000 megapacks annually. The official event took place in Shanghai, detailed by the Xinhua News Agency.
As of now, Tesla hasn’t responded to requests for comments regarding this initiative.
According to reports, construction for this new venture is set to commence in the first quarter of 2024, with production anticipated to kick off in the fourth quarter. This timeline indicates a slightly slower rollout than initially projected for this high-powered battery undertaking.
Previously, Tesla had announced plans to start construction in the third quarter, eyeing production initiation in the second quarter of the upcoming year.
Tesla’s existing gigafactory in Shanghai is presently operating at an annual capacity of 1.1 million units. However, further expansion plans for electric vehicle capacity in Shanghai are pending regulatory approvals for the company.