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    HomeNewsBusinessTesla plans Shanghai factory for power storage: Reports

    Tesla plans Shanghai factory for power storage: Reports

    The factory is due to break ground in the third quarter of this year and start production in the second quarter of 2024.

    Associated Press
    April 09, 2023 / 19:10 IST
    Representative image

    Electric car maker Tesla Inc. plans to build a factory in Shanghai to produce power-storage devices for sale worldwide, state media reported Sunday.

    Plans call for annual production of 10,000 Megapack units, according to the Xinhua News Agency and state television.

    They said the company made the announcement at a signing ceremony in Shanghai, where Tesla operates an auto factory.

    The factory is due to break ground in the third quarter of this year and start productions in the second quarter of 2024, the reports said.

    Tesla didn't immediately respond to requests for information.

    Associated Press
    first published: Apr 9, 2023 07:10 pm

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