US carmaker Tesla megafactory to be built in Shanghai’s Lingang Area

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US carmaker Tesla and Shanghai government has signed a deal on Sunday (April 9) for a Tesla Megafactory in Shanghai’s Lingang Special Area, which will produce Tesla’s Megapack, a large-scale rechargeable lithium-ion battery stationary energy storage product.The construction is planned to start in Q3 2023 and the plant aims to start production in Q2 2024. Initial planned production capacity of the factory is 10,000 Megapacks per year, equal to around 40 GWh of energy storage. The products will be sold worldwide.

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