April 21, 2024

Tesla is constructing a brand new battery manufacturing unit in Shanghai. On Sunday, the automaker introduced it might begin building on a brand new facility later this yr. As soon as the plant is full someday earlier than the second half of 2024, will probably be able to producing 10,000 Megapacks yearly. Every container-sized battery can retailer sufficient power to energy about 3,600 properties for one hour. Tesla informed it plans to promote the Megapacks it makes in China globally. The corporate has constructed Megapack installations in just a few places around the globe, together with and .

Sunday’s announcement sees Tesla rising its reliance on China at a time when the US is utilizing financial coverage to push automakers and different producers to provide extra of their merchandise domestically. On the finish of final month, the Treasury Division detailing what electrical automobiles qualify for the Inflation Discount Act’s $7,500 EV tax credit score. Beneath the up to date guidelines, the division states corporations should supply the minerals of their automobile batteries from the US and different authorized buying and selling companions for the automobiles to qualify for the motivation. Individually, the Biden administration just lately mentioned CHIPS Act funding recipients would wish to promising they received’t develop manufacturing capability in China.