FILE - A Model X sports-utility vehicle sits outside a Tesla store in Littleton, Colo., June 18, 2023. Electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries, Chinese state media reported Thursday, May 23, 2024. Electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries, Chinese state media reported Thursday.
The state-run Xinhua News Agency lauded Tesla's commitment to investing in China and “defying the rhetoric of ‘decoupling’ and ‘de-risking’ from China.” According to Tesla's website, each Megapack can store more than 3.9 megawatt hours of energy — enough to power an average of 3,600 homes for one hour. They are designed mainly for utility companies and commercial facilities.
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