Tesla is building a New Megapack Battery Close Now

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Tesla is building a New Megapack Battery factory in Shanghai

On 9 April, the CEO of Tesla, Elon Musk, announced on Twitter that later this year, Tesla is going to construct a new megapack battery facility in Shanghai city of China, to supplement the output of the Megapack factory in California

The company aims to complete this megapack project before the second half of 2024 and be able to produce 10,000 Megapacks annually. A single battery is almost a shipping container-sized, having the capacity to power 3,600 households for an hour.

According to the manufacturer company in China, sailing of these megapacks will be made available internationally. The business has also built Megapack installations in only two places, Texas and South Australia.

In light of Sunday’s statement, Tesla is becoming more dependent on China at a time when the US is encouraging automakers and other industries to produce more of their products locally through economic policy.

At the end of March, The Treasury Department updated its instructions on what electric vehicles are eligible for the $7,500 EV tax credit provided under the Inflation Reduction Act.

According to department-updated rules, companies must obtain the minerals used in their car batteries from the US and other recognized trading partners to be eligible for the incentive.