Stock Market

Tesla to construct Shanghai gigafactory to make power storage product


© Reuters. FILE PHOTO: A Tesla signal is seen at its manufacturing facility in Shanghai, China, Could 13, 2021. REUTERS/Aly Music

SHANGHAI (Reuters) – Tesla (NASDAQ:) Inc will construct a gigafactory in Shanghai to make the Megapack power storage product, Chinese language state media outlet Xinhua reported on Sunday.

Elon Musk’s automaker will break floor on the plant within the third quarter and begin manufacturing within the second quarter of 2024, Xinhua reported from a signing ceremony in Shanghai.

The manufacturing facility will initially produce 10,000 Megapack items a 12 months, equal to round 40 gigawatt hours of power storage, to be offered globally, Xinhua stated.



Source link

Reuters
Reuters

Related articles

SM Power to promote South Texas property to Caturus Power for $950 million

(WO) — SM Power has entered into an settlement to promote sure South Texas property to Caturus Power (previously Kimmeridge Texas Fuel) for $950 million in money, advancing the corporate’s effort to streamline...

The $100M Sign: Will Plus500 and IG’s US Success Draw Extra CFD Brokers into Non-OTC?

Plus500 lately revealed that its non-over-the-counter (non-OTC) income for 2025 exceeded $100 million and now accounts for about 14 per cent of the group’s complete income. This surge got here from no non-OTC...

World Liberty Monetary plans to tokenize Trump Resort in Maldives

World Liberty Monetary has introduced a brand new tokenization initiative involving mortgage income...

$91M Ethereum Purchase: Bitmine Immersion Bets Massive On ETH Even As Market Volatility Persists

Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure With shifting narratives and waning ETF flows, the Ethereum worth stays underneath heightened bearish stress, maintaining it simply barely beneath...

How I Grew a $310 Account to $851 in 54 Days Buying and selling Gold on MT5 – Buying and selling Techniques – 19...

A private breakdown of my XAUUSD automated technique — the logic, the backtest numbers, and what occurred on the stay account. ...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

© Copyright - Premium Alpha

WP2Social Auto Publish Powered By : XYZScripts.com