Tesla to Build New Energy Storage Factory in China

Published on December 22, 2023

Electric car manufacturer Tesla is moving forward with a controversial plan to build a new battery factory in China. The new facility in Shanghai will not build auto parts but instead focus on energy-storage batteries for public and corporate infrastructure, according to Chinese state-owned media. The new facility will produce 10,000 Tesla Megabucks per year, which will be sold worldwide. The Megapacks are rechargeable lithium-ion energy storage units. Each Megapack is approximately the size of a cargo shipping container and can hold 3.9 megawatt-hours of electricity. Energy storage is becoming an increasingly important issue as solar and wind power gain in popularity, as those energy sources only generate power when weather conditions are favorable. As such, they rely on stored energy at times when there is not adequate sun or wind coverage....

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