Tesla's Shanghai Megafactory completes construction

Published: Dec 31, 2024 20:03

Source: gasgoo

Save

Tesla's Shanghai Megafactory has successfully passed its final inspection, just seven months after construction began in May 2024, according to Tesla China.

Beijing (Gasgoo)- Tesla's Shanghai Megafactory has successfully passed its final inspection, just seven months after construction began in May 2024, according to Tesla China. Trial production is already underway, with mass production expected to commence in early 2025.

The facility, located in the Lingang Special Area of China (Shanghai) Pilot Free Trade Zone, is Tesla's first Megapack battery manufacturing plant outside the United States. With construction beginning on May 23, 2024, the Shanghai Megafactory is designed to manufacture Tesla's commercial energy storage batteries for global markets.

With an initial annual production capacity of 10,000 Megapacks, equivalent to nearly 40 GWh of energy storage, the project highlights Shanghai's rapid development capabilities and China's advanced manufacturing prowess, contributing to a greener future worldwide.

Tesla's Shanghai Megafactory builds on the success of the company's Shanghai Gigafactory, which began construction in January 2019 and set a precedent by achieving construction, production, and product launches all within the same year. This new facility is poised to play a pivotal role in advancing Shanghai's energy storage industry and accelerating the region's green and low-carbon transformation.

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

Apr 1, 2026 09:28

Volvo Became Lynk & Co's Exclusive EV Dealer in Europe

[Volvo Cars to Exclusively Sell Lynk & Co EVs in Europe] On March 30, Volvo Cars announced that it had signed a memorandum of understanding with Geely Automobile to become the exclusive importer and dealer of EVs under Geely’s Lynk & Co brand in the European market. Volvo Cars said: “The company plans to sell Lynk & Co car models through Volvo Cars’ retail network and use its sales and after-sales system in relevant markets.”

Apr 1, 2026 09:28

Hyundai Accelerated Its Electric Vehicle Expansion in China Under U.S. Tariff Pressure

[Hyundai Motor Steps Up Its EV Push in China Amid US Tariff Pressure] South Korea’s Hyundai Motor is intensifying its EV strategy in China, setting an aggressive target of selling more than 40,000 NEVs this year in a bid to reduce its reliance on the US market as US tariff pressure continues to mount. According to industry sources, Hyundai Motor plans to raise NEV production at its joint venture Beijing Hyundai to 41,500 units in 2026, up more than 33-fold YoY; by then, the share of new energy car models in total production will surge from just 0.6% last year to about 20%. Hyundai Motor has also set its total sales target in China for this year, including exports, at 218,000 units, up 10.8% from 2025.

Apr 1, 2026 09:28

Apr 1, 2026 09:27

Toyota Motor’s Global Sales Fell 2.3% YoY in February

[Toyota Motor’s Global Sales Fell 2.3% in February] Toyota Motor announced on March 30 that its global sales in February (including the Lexus brand and subsidiaries Daihatsu Motor and Hino Motors) fell 2.3% YoY to 806,905 units. Among them, February sales of the Toyota and Lexus brands declined 3.3% to 737,134 units; domestic sales in Japan fell 8.3% to 122,264 units, while sales outside China declined 2.2% to 614,870 units.

Apr 1, 2026 09:27