Tesla recently announced the official launch of a new large-scale factory project in Shanghai, China, with an annual production capacity of 10,000 Megapack stationary battery storage units. This move is seen as Teslas increased layout and expansion in the Chinese market. The recent land acquisition signing ceremony in Shanghai marks the official launch of what Tesla calls a milestone project, signaling further deepening of this American electric vehicle and energy storage equipment manufacturer in the Chinese market.

Megapack is a commercial energy storage battery launched by Tesla in July, 2019. Its shape and size are similar to standard container cargo, capable of storing and supplying energy, mainly targeting utility projects and large enterprise customers. The launch and application of this product are expected to play a significant role in the energy storage field, especially in the rapidly growing commercial and industrial sectors.

Teslas Energy Storage Battery Project Lands in Shanghai: Boosting the Development of the Energy Storage Industry Chain

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