Image: Official WeChat account of Shanghai Lingang
From ESS News
Electric car and power storage maker Tesla inaugurated its Megafactory in Shanghai in December 2023 and accomplished the signing ceremony for land acquisition. Once commissioned, the brand new plant will span an space of 200,000 sq. meters and have a price ticket of RMB 1.45 billion. This undertaking, which marks its entry into the Chinese market, is a crucial milestone for the corporate’s technique for the worldwide power storage market.
As demand for power storage continues to develop, the China-based manufacturing facility is predicted to fill Tesla’s capability deficit and grow to be a key provide area for Tesla’s world orders. In addition, since China is the biggest nation with newly put in electrochemical power storage capability lately, Tesla is prone to enter the nation’s storage market with Megapack power storage system made in Shanghai.
Tesla has been increasing its power storage enterprise in China because the starting of this 12 months. The firm introduced its development of a manufacturing facility within the Lingang pilot free commerce zone in Shanghai in early May, and signed a provide deal for eight Megapacks on the Shanghai Lingang Data Center, securing the primary batch of orders for its Megapacks in China.
Currently, China’s public auctions for utility-scale tasks have seen fierce value competitors. The quote for a two-hour utility-scale power storage system is RMB 0.6-0.7/Wh ($0.08-0.09/Wh) in June 2024. Tesla’s product quotes should not aggressive in opposition to producers of China, however the firm has in depth expertise in world tasks and a robust model impression.
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