Shanghai low-cost energy storage business park

Can energy storage be used in Shanghai?

Normally, energy storage can be divided into two segments. The first is utility-scale storage, also known as grid storage, which is built alongside wind and solar farms, typically in remote areas. This is unlikely to have a major application in Shanghai.

What is China's energy storage capacity?

Currently, China's annual newly installed energy storage capacity is about 50 gigawatt hours, a fourth of the global total. In this January 17 file photo, energy storage cabinets are ready to be shipped abroad at the port of Suzhou, Jiangsu Province. Who are the end-users?

Why is Tesla establishing a battery factory in Shanghai?

By establishing a battery factory in Shanghai, Tesla can tap into China's robust supply chain, cementing its competitive edge in global markets while driving down manufacturing costs across the board. Tesla's new factory primarily produces Megapack batteries.

Is Shanghai a good place to buy Tesla's Megapack batteries?

Last May, when the Megapack plant broke ground, Tesla reportedly received its first domestic order from the state-owned Lingang Group. Shanghai, with its legion of industrial parks and manufacturing hubs, has enormous potential for the application of Megapack batteries. This holds promise for Tesla's local business development.