Tesla ‘planning Shanghai factory to produce power storage devices’

Tesla ‘planning Shanghai factory to produce power storage devices’
A sign bearing the Tesla company logo (David Zalubowski/AP)

Electric car maker Tesla plans to build a factory in Shanghai to produce power storage devices for sale worldwide, Chinese state media reported.

The plans call for annual production of 10,000 Megapack units, according to the Xinhua News Agency and state television.

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