Tesla to open up a new Megafactory in Shanghai, China, enterprise suggests

Tesla to open up a new Megafactory in Shanghai, China, enterprise suggests


A Tesla Megapack in Moss Landing, California

Andrew Evers | CNBC

Tesla will open a new Megafactory in Shanghai, China, that is able of developing 10,000 Megapacks a year, the firm declared in a tweet Sunday.

A Megapack is a quite big battery that retailers energy, aids stabilize the electricity grid and stops outages. These batteries empower grid operators to go more capacity between counties or states and ensure that energy from intermittent sources can be saved and made use of when need is larger, or when there are unplanned outages in a transmission community.

Tesla now has a Megafactory in Lathrop, California, that is capable of creating 10,000 Megapacks models each yr, according to the firm’s site. In a tweet Sunday, Tesla CEO Elon Musk mentioned the manufacturing facility in China will supplement output from the manufacturing unit in California.

The business is arranging to get started developing the factory for the duration of the 3rd quarter of this yr, and it will aim to start off production around midway as a result of 2024, the Chinese condition media outlet Xinhua described Sunday from a signing ceremony in Shanghai.

Tesla and Musk did not straight away react to requests for remark.





Source

AMD tops estimates for first quarter as data center revenue jumps 57%
World

AMD tops estimates for first quarter as data center revenue jumps 57%

Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during the 2026 CES event in Las Vegas, Nevada, US, on Monday, Jan. 5, 2026. Bridget Bennett | Bloomberg | Getty Images Advanced Micro Devices reported first-quarter earnings Tuesday that topped expectations, while the company’s revenue forecast also exceeded estimates as demand […]

Read More
Micron zooms past 0 billion market cap as rally in memory stocks accelerates
World

Micron zooms past $700 billion market cap as rally in memory stocks accelerates

Micron Technology CEO Sanjay Mehrotra during a groundbreaking ceremony for the company’s new semiconductor manufacturing facility in Clay, New York, Friday, Jan. 16, 2026. Heather Ainsworth | Bloomberg | Getty Images Micron’s historic rally continued on Tuesday, with shares of the memory maker surging 11%, lifting the company’s market cap past $700 billion for the […]

Read More
Frontier Airlines forecasts revenue boost from Spirit collapse
World

Frontier Airlines forecasts revenue boost from Spirit collapse

Spirit Airlines and Frontier Airlines ticket counters at Kansas City International Airport. Leslie Josephs/CNBC Frontier Airlines expects a revenue boost from Spirit Airlines’ collapse over the weekend, a shuttering that removed Spirit’s capacity from the market overnight. “Drawing on the benefits realized from prior Spirit capacity adjustments, we believe their exit supports a [revenue per […]

Read More