The factory will be able to produce 10,000 Megapacks — very large batteries used to store utility-scale amounts of electricity — per year.
The news was announced just days after Airbus unveiled plans for a second final-assembly line in the country’s north, with officials publicly rolling out the welcome wagon for foreign investors. The Tesla factory will be able to produce 10,000 Megapacks, which are very large batteries used to store huge amounts of electricity, the company said in \n \n a tweet. It announced the new factory with a picture of a signing ceremony in China.
Second Shanghai factory The Megafactory will be located in Lingang, an enormous free trade zone on the outskirts of Shanghai, where Tesla’s electric-vehicle Gigafactory broke ground in 2019. That facility was built within 10 months, at 65% of the cost of the Model 3 production plant in the United States. Within a few years, it became the biggest EV production plant on the planet. The Shanghai facility is Tesla’s main export hub, supplying vehicles to most markets outside of North America.
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