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https://www.wsj.com/articles/tesla-to-build-new-china-plant-for-energy-storage-battery-aa8a76db

Tesla to Build New China Plant for Energy-Storage Battery

The planned expansion in Shanghai comes as U.S.-China tensions rise

China is the second-largest market for Tesla after the U.S.Photo: Qilai Shen/Bloomberg News
By Rebecca Feng

Tesla Inc. is building a factory in Shanghai to produce its Megapack battery, the company and its chief executive, Elon Musk, said, further expanding into the country at a time of fraught U.S.-China ties.

The new factory, where Tesla will manufacture its high-capacity battery for energy storage, is scheduled to break ground in the third quarter this year and start production in the second quarter of 2024, Chinese state media Xinhua News Agency reported Sunday. The amount of Tesla’s investment wasn’t immediately clear.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.