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Megafactory

All articles tagged with #megafactory

business2 years ago•1 min saved

Tesla Expands Global Presence with Megafactory in China

Tesla has officially launched its Megafactory project in China with a signing ceremony for land acquisition. The factory aims to produce about 10,000 Megapacks per year, helping Tesla break new records in energy storage deployment. Construction is set to start soon, with production expected to begin toward the end of the year. The new production hub will reduce logistical costs by shipping Megapack projects in the Asia-Pacific region from China instead of the US. CEO Elon Musk predicts that Tesla's energy storage business could become as big as its automotive business.

via Electrek.co|

#business #china #energy-storage

business3 years ago•3 min saved

Elon Musk's Controversies and Plans: A Recap.

US Presidential Candidate Vivek Ramaswamy expressed concern over Tesla's new Megafactory in China, stating that it would give China an unwarranted advantage. Elon Musk disagreed, stating that Tesla is growing rapidly in the United States and if competitors receive subsidies, Tesla should too. Musk reiterated his stance against EV subsidies, advising against the Biden administration's proposed subsidies of up to $12,500 per electric vehicle under the Build Back Better Act.

via TESLARATI|

#business #china #elon-musk

electric-vehicles3 years ago•4 min saved

Tesla to Construct Megafactory for Batteries in Shanghai, China

Tesla is opening a Megafactory in China to manufacture huge batteries for electric vehicles. The factory will be located in Shanghai and is expected to produce 250 GWh of batteries per year. This move is part of Tesla's plan to expand its manufacturing capabilities and reduce its reliance on imported components.

via CNN|

#batteries #china #electric-vehicles