Tesla's Shanghai Megapack energy storage plant Photo: CFP
The first batch of Tesla's Megapack energy storage systems produced at its Shanghai Megafactory is set to depart the port heading for Australia on Friday, the company told the Global Times on Friday.
The batteries produced at the Shanghai facility will serve both the domestic and wider Asia-Pacific markets.
Tesla said the Megapack shipment reflects its expanding presence in the global energy storage market and the broader application of its battery technology beyond electric vehicles.
Megapack is an electrochemical energy storage device that uses lithium batteries. Each unit can store approximately 3.9 megawatt-hours of energy, providing efficient solutions tofor grid stability and renewable energy integration.
With an initial annual production capacity of 10,000 units, or roughly 40 gigawatt-hours of energy storage, Tesla's Shanghaithis Megafactory is set to significantly contribute to Tesla's global energy storage goals. The company expects deployments to rise 50 percent year-on-year in 2025, Xinhua News Agency reported.
The energy storage Megafactory is the first of its kind built by Tesla outside the US and the company's second plant in Shanghai, began mass production just eight months after breaking ground, serving as a new example of "Tesla speed" in China, Tesla said in a press release sent to the Global Times earlier in February.
The Megafactory project broke ground in May 2024 after Tesla's CEO Elon Musk visited China in April 2024 during which he met with Chinese Premier Li Qiang and stressed that "Tesla is willing to deepen cooperation with China and achieve more win-win results."
"Megafactory gives us the ability to scale production and efficiency," said Mike Snyder, vice president of Tesla on February 11. "We can lower logistics costs as well as product costs, and grow the business to new markets."
Tesla's first plant in the country's eastern financial hub Shanghai, was built and inaugurated within a year in 2019, per Xinhua.
Global Times
