Libreville Energy Storage Container Factory

Each unit can store more than 3,900 kWh of electricity. At the launch ceremony, Mike Snyder, vice president of Energy and Charging at Tesla, stated that the launch of the Shanghai Megafactory for energy storage will ramp up production this quarter, helping Tesla expand into more markets.

The Shanghai Megafactory for energy storage is Tesla's first such facility outside the United States. Construction commenced in the Lin-gang Special Area on May 23 last year, and the factory achieved the milestone of producing its first product just nine months after acquiring the land.

The mass production of these units is expected to start next year with an initial output of 10,000 units annually, equal to around 40 GWh of energy storage. The future of renewable energy relies on large-scale energy storage. The Shanghai Megafactory, Tesla's first energy storage facility outside the US, covers approximately 200,000 square meters.

Tesla's first overseas energy storage plant starts operating as global competition from Chinese firms and pricing pressures mount. Tesla has officially announced the start of production at its Shanghai energy storage factory, the company's first Megapack manufacturing facility outside the United States.

Tesla's energy storage products include the Powerwall, Powerpack and Megapack. The Shanghai Megafactory mainly produces Megapack, an ultra-large commercial energy storage battery, which will be supplied to the global market.

Tesla's latest financial results highlight the growing importance of its energy storage business. In 2024, the company deployed 31.4 GWh of battery storage systems, generating a record $10.86 billion in revenue, up 67% year-on-year. In contrast, Tesla's automotive revenue declined by 6%, and net profit plummeted by 53%.