Energy storage enterprise factory

When will Tesla's Energy Storage megafactory be finished?

CFP 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.

Where is Tesla's first energy storage plant located?

Tesla’s first overseas energy storage plant starts operating as global competition from Chinese firms and pricing pressures mount. Tesla has officially announced the start of production at its Shanghai energy storage factory, the company’s first Megapack manufacturing facility outside the United States.

When will Tesla's Energy Storage megafactory in Shanghai be finished?

A night view of Tesla's energy storage megafactory in Shanghai, December 17, 2024. /CFP A night view of Tesla's energy storage megafactory in Shanghai, December 17, 2024. /CFP 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.

Does Tesla have energy storage?

Tesla's deep involvement in the energy storage industry now rivals its electric vehicles in importance, Tao said, adding that its energy storage products are currently used in over 60 countries and regions. The U.S. company already has a factory for its Megapacks in California, which has an annual capacity of 10,000 units.

How important is Tesla's Energy Storage business?

Tesla’s latest financial results highlight the growing importance of its energy storage business. In 2024, the company deployed 31.4 GWh of battery storage systems, generating a record $10.86 billion in revenue, up 67% year-on-year. In contrast, Tesla’s automotive revenue declined by 6%, and net profit plummeted by 53%.

How much energy does Tesla store in Shanghai?

The Shanghai facility will primarily produce Megapack, Tesla’s utility-scale battery energy storage system (BESS). Each Megapack unit weighs 38 tons and can store over 3.9 MWh of energy, sufficient to power approximately 3,600 households for one hour.