Tesla Shanghai Energy Storage Gigafactory officially started construction today and is expected to be put into production in the first quarter of 2025

Published: May 23, 2024 17:45

Save

SMM reported on May 23 that this afternoon, Tesla Shanghai Energy Storage Gigafactory located in Shanghai Lingang New Area officially started construction and is expected to be put into operation in 2025. It will be put into production in the first quarter. After the production is put into production, the output of Megapack, the ultra-large electrochemical commercial energy storage system, will reach 10,000 units, with an energy storage scale of nearly 40GWh. According to reports, this is Tesla’s first energy storage super factory outside the United States. It is also Tesla’s other large-scale investment project in China after the Shanghai Super Factory in the past ten years since its entry into China. SMM learned that Tesla entered the energy storage industry in 2015 and has successively launched the household energy storage Powerwall series, industrial and commercial energy storage Powerpack series and utility-level energy storage Megapack. With industry-leading product performance, application design that meets the needs of local users, and AI control software that significantly reduces costs, Tesla's energy storage products rank among the top three in the global market share. In terms of production capacity, current energy storage products are mainly produced at the Nevada Gigafactory and the Lathrop Gigafactory, with a total planned production capacity of 80GWh. The official start of construction of the Shanghai factory will make Tesla's energy storage capacity more abundant. Coupled with the advantages of a highly integrated industrial chain, the energy storage business is expected to continue to maintain high growth.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Jun 2, 2026 17:23

Samsung SDI converts part of U.S. battery joint venture plant to LFP for ESS

Samsung SDI is converting part of the production lines at StarPlus Energy, its U.S. electric vehicle battery joint venture plant, to produce lithium iron phosphate (LFP) batteries for energy storage systems (ESS). The conversion applies to part of the lines at StarPlus Energy Plant 1. Rather than adding a separate new production line, Samsung SDI is modifying existing high-nickel nickel-cobalt-aluminum (NCA) battery lines to accommodate LFP battery production.

Jun 2, 2026 17:23

Jun 1, 2026 15:12

Hyosung Heavy Industries wins KRW 11 billion ESS project contract in Japan

Hyosung Heavy Industries announced on May 27 that it recently signed an engineering, procurement and construction (EPC) contract worth around KRW 11 billion with a Japanese energy developer for a high-voltage grid-connected energy storage system (ESS) project.

Jun 1, 2026 15:12

Jun 1, 2026 15:06

LG Energy Solution signs KRW 2 trillion BESS supply contract with DTE Energy

According to DTE Energy on May 28, the company recently signed a USD 1.6 billion BESS supply contract with LG Energy Solution Vertech. Under the agreement, DTE Energy will receive BESS units for eight energy storage projects to be developed across Michigan over the next two years, using batteries produced at LG Energy Solution’s Holland plant in Michigan. The contract will secure a total battery storage capacity of 6 GWh.

Jun 1, 2026 15:06