The factory, which was announced in April last year, aims to begin production in the first quarter of 2025. It will be able to make 10,000 Megapacks — very large batteries used to store huge amounts of electricity — each year, according to a statement by Lingang Group, the government-owned developer of the area housing the plant.
” Musk met with Chinese premier Li Qiang during his visit late last month. Li praised Tesla as a “successful model” for US-China collaboration. Beijing has been ramping up efforts to accelerate EV production to counter a property-induced economic slowdown and promote a low carbon economy. But as domestic demand weakens, Beijing is also encouraging manufacturers to seek new growth opportunities in overseas markets.
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