www.chinaservicesinfo.com

Updates

Tesla acquires land for megapack plant in Shanghai

Updated: Dec 25, 2023 chinadaily.com.cn Print
Share - WeChat
Tesla inks a land transfer deal with Lingang Special Area Administration on Dec 22, 2023 in Shanghai. [Photo provided to chinadaily.com.cn]

Construction of Tesla's megapack plant in Shanghai is scheduled to start in the first quarter of 2024, said the company on Friday.

The announcement came after it inked a land transfer deal on the same day with the Lingang Special Area Administration.

The two sides reached the agreement in April this year on building a megapack facility in the special area.

The company said the plant will start production in the fourth quarter of 2024, with an initial production capacity of 10,000 units a year. The products will be sold globally.

The new facility is near an existing Tesla vehicle plant producing Model 3 and Model Y vehicles, which are sold in China and overseas.

Copyright©2024 China Daily. All rights reserved.

京ICP备13028878号-6

京公网安备 11010502032503号 京公网安备 11010502032503号