Tesla plans to build new Megapack battery factory in China

Tesla’s deepening China investment comes shortly after France’s Airbus announced plans to double its production capacity in the country for one of its top-selling jets.

Tesla CEO Elon Musk. Picture: Patrick Pleul/Pool via AP, File

Tesla will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.

Tesla, which is led by eccentric entrepreneur Elon Musk, will manufacture its Megapack large-scale energy-storage unit in the new facility, which adds to its factory for electric vehicles in Shanghai.