Tesla to build new Shanghai factory for Megapack battery


Buoyant market: A Tesla electric vehicle drives past a crossing in Shanghai. The country is an extremely important market for Tesla as its existing factory in Shanghai produced 52% of its worldwide output. — Reuters

HONG KONG: Tesla Inc will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.

Tesla will manufacture its Megapack large-scale energy-storage unit in the new facility, which adds to its factory for electric vehicles in Shanghai.

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