We look at Tesla, Inc.'s Shanghai Megapack factory and how it fuels nonlinear growth. Read more on TSLA stock and why we're upgrading it.

Tesla's battery megafactory in Shanghai, for manufacturing its megapack batteries, has launched production on Tuesday, Chinese official news agency Xinhua said.

The opening of the $200 million Megapack battery plant in Shanghai highlights Elon Musk’s unusual position as Tesla CEO and Trump administration adviser.

Storyline Tesla's Megafactory in Shanghai begins production of Megapack batteries (Voice_over) Tesla's new Megafactory, which produces energy storage products, officially went into production. The Shanghai facility is Tesla's first Megafactory outside the United States and marks another major investment in China following the Gigafactory Shanghai car manufacturing plant.

Tesla’s first overseas energy storage plant starts operating as global competition from Chinese firms and pricing pressures mount.

By Alimat Aliyeva Tesla's newest battery factory in Shanghai, which will produce Megapack batteries, officially began p

Tesla officially began the construction of the Shanghai megafactory in May, taking less than a year from the start of construction to commencing production.

Tesla Shanghai energy storage Megafactory launches production on February 11. Photo: courtesy of Tesla. Tesla held a ceremony on Tuesday to mark the production launch of its Megapack energy storage plant in Shanghai’s Lingang New Area,

As Tesla's first energy storage Megafactory outside the United States, the new Lin-gang plant only took nine months from groundbreaking, which took place in May 2024, to its official operation. This was three months faster than when Tesla's EV gigafactory in Lin-gang became operational in January 2020.