Tesla is to build a Megapack plant in Shanghai, a move that goes against US policy.
Tesla has big ambitions. And to achieve its increasingly important objectives, the company must equip itself with ever more voluminous infrastructures. This includes building factories. And in this little game, Elon Musk’s company is well established. In a few months, the company will start a new major project, a Megapack factory in Shanghai.
Tesla to build Megapack plant in Shanghai
Tesla is indeed preparing to launch a new project, more precisely a new battery factory. It was this Sunday that the automaker announced that it would start construction of a Megapack plant in the coming months. Once this is completed, which should happen somewhere in the second half of 2024, it will be able to produce no less than 10,000 Megapacks each year. Each container-sized battery can store enough energy to power approximately 3,600 homes for one hour. Tesla told Bloomberg that it intends to sell the Chinese-made Megapacks worldwide. The company has already built facilities for Megapacks in various locations around the world, including Texas and South Australia.
A decision that goes against the current of American policy
This Sunday’s announcement thus sees Tesla increasing its dependence on China at a time when the United States is implementing various levers, including economic ones, to encourage automakers, but not only, to manufacture more of their products on the market. National territory. Late last month, the US Treasury Department released an updated guide detailing which electric vehicles are eligible for the $7,500 grant from the Inflation Reduction Act. Under the new guidelines, the department explains that companies must use materials for their car batteries that come from the United States or other approved trading partners if they want their vehicles to benefit. In addition, the Biden administration recently declared that companies eligible for aid from the CHIPS Act should sign agreements to commit not to expand their production capacity in China.
Tesla opening Megapack factory in Shanghai to supplement output of Megapack factory in California https://t.co/hDpqoyNeOx
— Elon Musk (@elonmusk) April 9, 2023
