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The New Daily
The New Daily
AAP

Tesla to build factory in Shanghai for Megapack batteries

Tesla boss Elon Musk has committed to increase his solar energy and battery business. Photo: AP

Tesla will build a factory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reports.

Elon Musk’s automaker will break ground on the plant in the third quarter and start production in the second quarter of 2024, Xinhua reported from a signing ceremony in Shanghai.

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