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

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.