Reports: Tesla plans Shanghai factory for power storage

BEIJING –

Electric automobile maker Tesla Inc. plans to construct a manufacturing unit in Shanghai to supply power-storage units on the market worldwide, state media reported Sunday.

Plans name for annual manufacturing of 10,000 Megapack items, in line with the Xinhua News Agency and state tv. They mentioned the corporate made the announcement at a signing ceremony in Shanghai, the place Tesla operates an auto manufacturing unit.

The manufacturing unit is because of break floor within the third quarter of this 12 months and begin productions within the second quarter of 2024, the studies mentioned.

Tesla did not instantly reply to requests for info.