Megafactory

Tesla launches project to build new Megafactory in China The Megafactory in Lathrop, California, was Tesla’s first dedicated factory to produce Megapacks, which were previously produced at Gigafactory Nevada. It is still ramping up to its full capacity of 40 GWh worth of Megapacks, a battery pack for utility-scale energy storage projects, but it has already helped Tesla break new records of energy storage deployment almost every quarter. Earlier this year, Tesla announced a plan to replicate…

Intel and the German government have struck a deal on how to split the bill for a massive chip factory in Magdeburg, marking the end of a months-long funding dispute. The US chip giant agreed yesterday to fork out more than €30bn to develop the plant, a deal Chancellor Olaf Scholz hailed as the single biggest foreign direct investment in German history. The government has also agreed to up its subsidies for the megaproject from €6.8bn to €10bn.    “Today’s agreement is an important step for…

Tesla has reported a massive increase in energy storage deployment in Q1 2023, thanks to its new Megafactory producing a lot of Megapacks. The company’s energy storage business doesn’t get nearly as much attention as its electric vehicle business. And that’s for a good reason – the former is still only a fraction of the latter. But it is just as important for the transition to a sustainable energy economy because it enables better use of renewable energy like solar and wind. And while…

Tesla’s building a new “Megafactory” in Shanghai, the automaker announced yesterday at a signing ceremony. The facility will be designed to manufacture Tesla’s commercial Megapack battery energy storage units, with the goal of eventually producing about 10,000 systems per year, according to the automaker.Tesla currently produces its Megapack energy storage units at its Gigafactory in Nevada, where it also makes battery packs for Tesla vehicles and Tesla Energy products like the Powerwall battery. Unlike the Powerwall,…

Tesla has announced a new deal to build a Megafactory in Shanghai, China, to build energy storage products in the market. Last year, Tesla launched its first ‘Megafactory’ in California. The plant is dedicated to producing Megapacks, a large battery system used in large-scale energy storage projects for electric utilities around the world. It is supplementing production from Gigafactory Nevada and adding a capacity of up to 40 GWh annually – more than the global capacity of stationary…

Taiwanese tech giant Foxconn has ended a months-long "closed loop" system at the world's biggest iPhone factory in central China, citing Beijing's nationwide loosening of zero-Covid regulations. Earlier this week, the Chinese government rolled back most mass testing and lockdown requirements to hasten a return to normal life, significantly relaxing three years of restrictions that have tanked its economy and wearied its population. The Foxconn facility in central Zhengzhou was in effective lockdown for 56 days,…

Tesla has unveiled its Megafactory in California for the first time as part of a hiring effort as it ramps up battery production. Last year, Tesla broke ground on a new “Megafactory” to produce Megapack batteries in Lathrop, California. The goal is to have a new factory focused only on building the large battery pack for utility-scale energy storage projects. CEO Elon Musk revealed that Tesla aims for Megafactory to produce an impressive 40 GWh of Megapacks per year. Despite working on the new manufacturing…

Tesla is ramping up hiring for its Megafactory in California, where it aims to produce 40 GWh of Megapacks per year. Last year, Tesla broke ground on a new “Megafactory” to produce Megapack batteries in Lathrop, California. The goal is to have a new factory focused only on building the large battery pack for utility-scale energy storage projects. CEO Elon Musk revealed that Tesla aims for Megafactory to produce an impressive 40 GWh of Megapacks per year. Tesla has been working on the new plant for a year now, and…

Kansas Gov. Laura Kelly announces that Japan's Panasonic Corp. is planning to build a multi-billion-dollar plant in Kansas for manufacturing electronic vehicle batteries, Wednesday, July 13, 2022, in Topeka, Kan. State officials believe the new plant would employ 4,000 people and that other businesses supplying or supporting it would add several thousand more jobs. Credit: AP Photo/John Hanna Japan's Panasonic Corp. selected…

MOUNT PLEASANT, Wis.—Nearly five years after iPhone assembler Foxconn Technology Group unveiled plans for a factory that would transform this corner of southeastern Wisconsin into a high-tech manufacturing hub, only a few buildings occupy the 3,000-acre site, a huge power substation stands largely untapped and new roads are sparsely traveled. But Taiwan-based Foxconn remains on the hook to pay for the infrastructure improvements and land acquisition for its now-abandoned grand plans. Starting next tax year, Foxconn’s…