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

Recent inflation data was ‘bad news,’ Fed’s Goolsbee says
World

Recent inflation data was ‘bad news,’ Fed’s Goolsbee says

Austan Goolsbee, President and CEO, Federal Reserve Bank of Chicago speaks at The Capital Hilton during the 42nd annual National Association for Business Economics Economic Policy Conference on February 24, 2026 in Washington, DC. Luke Johnson | Getty Images Inflation data last week was “bad news” for the U.S. Federal Reserve and means the Fed […]

Read More
Global week ahead: Is ‘Sell in May’ just a myth?
World

Global week ahead: Is ‘Sell in May’ just a myth?

Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., April 17, 2026. Brendan McDermid | Reuters Conventional wisdom can be a stubborn force. As the trading month of May gets into full swing this week, should investors continue to follow the old adage of […]

Read More
Trump says the U.S. will reduce number of troops in Germany ‘a lot further’ than withdrawal of 5,000
World

Trump says the U.S. will reduce number of troops in Germany ‘a lot further’ than withdrawal of 5,000

U.S. President Donald Trump departs the White House in Washington, D.C., U.S., May 1, 2026. Kevin Lamarque | Reuters President Donald Trump said Saturday the U.S. will significantly reduce its troop presence in Germany, escalating a dispute with Chancellor Friedrich Merz as he seeks to scale back America’s commitment to European security. The Pentagon on […]

Read More