Tesla Has Launched a Shanghai Megapack Battery Project, According to Chinese Official Media.

Tesla celebrated the acquisition of land for its new megapack battery production factory in Shanghai on Friday, according to Chinese official media.

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Tesla Has Launched a Shanghai Megapack Battery Project, According to Chinese Official Media.

Tesla celebrated the acquisition of land for its new megapack battery production factory in Shanghai on Friday, according to Chinese official media.

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Tesla said in April that building will begin in the third quarter, with production set to begin in the second quarter of next year.

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The gigafactory in Shanghai of the American electric car manufacturer has an annual capacity of 1.1 million units.

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Tesla has yet to get regulatory clearance to further increase EV capacity in Shanghai.

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Tesla Inc., founded in 2003, has developed to become one of the leading makers of electric vehicles (EVs).

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Tesla launched the Roadster in 2008, featuring cutting-edge battery technology and an electric engine.

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