Tesla, the American electric car manufacturer, has made progress with its plans to produce energy storage batteries in China. According to China’s state media, a land acquisition signing ceremony has taken place for a new factory in Shanghai, reports Breaking News.
Construction is set to begin early next year, with production scheduled to begin by the end of the year.
The factory will not manufacture batteries for cars, but instead for electric utilities and other companies to store power.
The production of such storage units has become increasingly crucial with the growth in solar and wind energy, which only generates electricity when favourable weather conditions are present, reports Breaking News.
They need to store the energy for residential and commercial users to use when required.
The new factory will initially produce 10,000 of Tesla’s Megapack units annually for worldwide sale, Xinhua reported, reports Breaking News.
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