Tesla breaks floor on big Shanghai battery plant
by AFP Workers Writers
Shanghai (AFP) Could 23, 2024
Tesla broke floor on a large battery manufacturing unit in Shanghai on Thursday, Chinese language state media reported, making it the US electrical automotive large’s second plant within the monetary hub.
The undertaking was introduced final April after boss Elon Musk offered a obscure however bold plan to traders to turbocharge development.
Nonetheless, the corporate final month reported a 55 p.c drop in quarterly earnings, reflecting a decline in EV gross sales in an intensively aggressive market.
The brand new Shanghai manufacturing unit ought to make 10,000 items per 12 months of Tesla’s Megapack batteries, state information company Xinhua stated.
Tesla says Megapacks are meant to retailer power and stabilise provide for energy grids, with every unit capable of retailer greater than three megawatt-hours of energy.
The manufacturing unit is predicted to begin mass manufacturing in 2025, state media stated in Could.
“I imagine the brand new plant is a milestone for each Shanghai and Tesla,” the corporate’s vp Tao Lin informed Xinhua.
“In a extra open atmosphere, we will… provide the worldwide market with large-scale energy-storage batteries manufactured in China.”
Musk has intensive enterprise pursuits in China and is a reasonably frequent customer.
In April, he met Chinese language Premier Li Qiang, and acquired a key safety clearance for Tesla’s regionally produced EVs.
Musk’s pursuits in China have lengthy raised eyebrows in Washington — President Joe Biden has stated previously that his hyperlinks to overseas international locations have been “worthy” of scrutiny.
The battery plant shall be Tesla’s second within the Chinese language metropolis after its monumental Shanghai Gigafactory, which broke floor in 2019.
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