Construction of U.S. carmaker Tesla’s energy storage megafactory in Shanghai is expected to be finished by the end of this year, according to Tesla China.
The factory, which broke ground in late May, will be dedicated to manufacturing the company’s energy-storage batteries, Megapack.
According to the administration of Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone, covering an area of approximately 200,000 square meters, the new plant represents a total investment of around 1.45 billion yuan (about $199 million).
The mega factory is the first of its kind built by Tesla outside the United States and the company’s second plant in Shanghai.
Source – CGTN
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