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Tesla to Build 'Superfactory' in Shanghai to Produce Megapack Batteries

© AP Photo / David ZalubowskiThe company logo shines off the grille of an unsold 2020 Model S sedan at a Tesla dealership Sunday, July 19, 2020, in Littleton, Colorado.
The company logo shines off the grille of an unsold 2020 Model S sedan at a Tesla dealership Sunday, July 19, 2020, in Littleton, Colorado. - Sputnik International, 1920, 10.04.2023
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On April 8, the media reported that US billionaire entrepreneur Elon Musk went to China to visit the Tesla factory in Shanghai, the first such facility of the company outside America.
Tesla and the Shanghai Free-Trade Zone authorities have signed an agreement to build a "super factory" for the production of Megapack high-capacity commercial energy batteries, the company reported on Twitter.
© Twitter/TeslaScreenshot
Screenshot - Sputnik International, 1920, 10.04.2023
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According to media reports, the initially planned annual production volume is up to 10,000 batteries, which would be equivalent to 40 gigawatt-hours of energy storage.
The plant's construction is scheduled to start in the third quarter of 2023, and the factory is expected to be commissioned by the end of the second quarter of 2024.
This is also Tesla's first project to create a "superfactory" to manufacture energy storage units outside the United States.
 An aerial view of a solar power plant in Ouarzazate, central Morocco on Feb.4, 2016. - Sputnik International, 1920, 06.04.2023
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Tesla Outlines Means & Costs of Switching to Sustainable Energy Economy
Tesla’s announcement came as the US government has been pressing American companies to become less dependent on China in the midst of mounting tension between Beijing and Washington.
In 2022, US President Joe Biden signed an executive order to implement the $280 billion CHIPS and Science Act of 2022, which includes more than $52 billion in subsidies for US semiconductor manufacturers in an effort to counter China's growing technological clout.
Moreover, the Biden administration expanded control on the export of US semiconductor technology to 28 Chinese companies to restrict Beijing's ability to make certain high-end microchips used in military applications.
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