Musk Expands Telsa China Op With Shanghai Battery Storage Plant
View Source | April 9, 2023 10:16 am
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- Tesla Inc. will build a factory in the China city of Shanghai to make Megapacks, an onboard device that stores power for electric vehicles.
- Company owner and CEO Elon Musk will break ground as early as this summer, with operations starting as early as April 2024, Chinese state media outlet Xinhua reported on Sunday.
- The plant will add to the an existing Shanghai plant making electric vehicles.
- Tesla in opening the plant will take advantage of China’s world-leading battery supply chain.
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