SHANGHAI, Dec. 22 (Xinhua) — U.S. carmaker Tesla Inc. officially launched its new mega factory project that is capable of producing 10,000 Megapacks a year in Shanghai, the company announced.
A signing ceremony for land acquisition of the project was held on Friday morning in Shanghai, marking the official opening of what the company said a \”milestone project.\”
Megapack is a powerful battery that provides energy storage and support, helping to stabilize the grid and prevent outages, information on Tesla\’s website shows.