Tesla's Shanghai Megafactory for Megapacks has surpassed 60% completion, with production set to begin in early 2025, aiming for significant energy output.
The Shanghai Megafactory is expected to achieve annual production similar to Tesla's Lathrop facility, aiming for around 40GWh or approximately 10,000 Megapacks yearly.
Since breaking ground in May, construction of the Shanghai Megafactory has progressed impressively, reflecting the rapid development seen with the nearby Gigafactory.
In Q2, Tesla achieved record-high battery storage deployments, signaling a strong growth trajectory for Tesla Energy, especially as demand for grid-scale products rises.
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