Technical FAQs 4

Where is Tesla's first energy storage plant located?

Tesla’s first overseas energy storage plant starts operating as global competition from Chinese firms and pricing pressures mount. Tesla has officially announced the start of production at its Shanghai energy storage factory, the company’s first Megapack manufacturing facility outside the United States.

How big is China's energy storage capacity in 2024?

Bloomberg NEF estimates that global storage capacity additions reached 69 GW/169 GWh in 2024, a 76% increase from the previous year. Meanwhile, China’s National Energy Administration (NEA) reported that the country deployed 42.37 GW/101.13 GWh of new energy storage capacity in 2024, marking an even sharper increase of 103% and 136%, respectively.

What is Tesla's Shanghai megafactory for energy storage?

The Shanghai Megafactory for energy storage is Tesla's first such facility outside the United States. Construction commenced in the Lin-gang Special Area on May 23 last year, and the factory achieved the milestone of producing its first product just nine months after acquiring the land.

Why is Tesla planning a 40 gigawatt-hour power plant in Shanghai?

The planned annual capacity of 40 gigawatt-hours underscores Tesla's ambition to capture a significant share of the energy market while potentially creating numerous jobs in Shanghai and its vicinity. This move also intensifies competition within China's energy storage sector, potentially spurring further technological innovation.

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