Tesla has officially signed a ¥4 billion (C$764/US$557 million) deal to build its first grid-scale battery energy storage station in China, leveraging its Megapack technology.
The gigawatt-hour-scale energy storage station is to be located in the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone, as per the deal signed by Tesla, the administrative committee of the Lin-gang Special Area, the people''s government of Shanghai''s Fengxian District, and China Kangfu International Leasing Co., Ltd.
Tesla''s new energy storage Gigafactory in Shanghai marks a significant expansion in the company''s global operations, aligning with Tesla''s ongoing growth strategy in the energy sector.
Their growing use helps stabilize power grids, prevent outages, and reduce reliance on fossil fuels. This project is Tesla’s first large-scale energy storage installation in China, complementing its existing automotive manufacturing presence in the city through Giga Shanghai.
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