Tesla Launches Megapack Battery Production in Shanghai Factory

Tesla began production at its new Shanghai battery factory on Tuesday, manufacturing Megapacks for energy storage. Construction started in late May 2024, aiming for completion before year-end. The factory will produce approximately 10,000 Megapack units annually, enough to power 50,000 homes. Tesla invested 1.45 billion yuan (€193 million) in the 200,000-square-meter facility. Each Megapack stores over three MWh, powering 3,600 homes for one hour. Tesla's Shanghai Gigafactory produced 947,000 vehicles in 2023, over half of Tesla's global sales.