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.

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

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.

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,

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

U.S. carmaker Tesla's new Megafactory in Shanghai, dedicated to manufacturing energy-storage batteries known as Megapacks, launched production on Tuesday, marking a significant expansion of the company's presence in China.