Tesla is constructing a brand new battery manufacturing facility in Shanghai. On Sunday, the automaker introduced it could begin development on a brand new facility later this 12 months. As soon as the plant is full someday earlier than the second half of 2024, it will likely be able to producing 10,000 Megapacks yearly. Every container-sized battery can retailer sufficient vitality to energy about 3,600 properties for one hour. Tesla advised it plans to promote the Megapacks it makes in China globally. The corporate has constructed Megapack installations in a number of areas world wide, together with and .
Sunday’s announcement sees Tesla rising its reliance on China at a time when the US is utilizing financial coverage to push automakers and different producers to provide extra of their merchandise domestically. On the finish of final month, the Treasury Division detailing what electrical autos qualify for the Inflation Discount Act’s $7,500 EV tax credit score. Beneath the up to date guidelines, the division states corporations should supply the minerals of their automobile batteries from the US and different accredited buying and selling companions for the autos to qualify for the motivation. Individually, the Biden administration not too long ago stated CHIPS Act funding recipients would want to promising they received’t develop manufacturing capability in China.
