Tesla is constructing a brand new battery manufacturing facility in Shanghai. On Sunday, the automaker introduced it will begin development on a brand new facility later this 12 months. As soon as the plant is full someday earlier than the second half of 2024, it is going to be able to producing 10,000 Megapacks yearly. Every container-sized battery can retailer sufficient power to energy about 3,600 houses for one hour. Tesla informed it plans to promote the Megapacks it makes in China globally. The corporate has constructed Megapack installations in a number of places around the globe, together with and .
Sunday’s announcement sees Tesla rising its reliance on China at a time when the US is utilizing financial coverage to push automakers and different producers to supply extra of their merchandise domestically. On the finish of final month, the Treasury Division detailing what electrical autos qualify for the Inflation Discount Act’s $7,500 EV tax credit score. Below the up to date guidelines, the division states firms should supply the minerals of their automobile batteries from the US and different authorised buying and selling companions for the autos to qualify for the inducement. Individually, the Biden administration not too long ago mentioned CHIPS Act funding recipients would want to promising they gained’t broaden manufacturing capability in China.
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