Tesla plans to restart the third phase of its Shanghai plant project, possibly focusing on the production of the $25,000 model it will launch in the future, according to a report in local media outlet LatePost in December. Tesla began preparations for the construction of the Giga Shanghai phase three vehicle factory in 2021 and assembled a team, but suspended the move in the middle of last year.
Tesla signed a deal with Shanghai’s Lingang authorities on April 9 to build a new Megafactory in the area, which will be dedicated to the production of Tesla’s energy storage product Megapack.
The Megafactory will be Tesla’s first energy storage system factory outside of the US domestic market. Its initial plan is to produce up to 10,000 commercial energy storage batteries per year, with nearly 40 GWh of energy storage, and the products will be available to the global market.
The factory is scheduled to begin construction in the third quarter of this year and go into production in the second quarter of 2024, according to an announcement by Lingang special area administration in April.
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