Tesla announced on Monday (10) that it has begun construction on a new battery factory in Shanghai, China. The automaker announced that it will begin construction on the building in 2023, with completion scheduled for the second half of 2024. The factory in Shanghai will capable of producing 10,000 megapacks per year.

Tesla ordered to pay former worker $3.2 million for racism

Each Megapack battery is capable of storing enough energy to power approximately 3,600 homes for one hour. Batteries are not small and each is the size of a shipping container. According to Bloomberg, Tesla’s new factory will sell China-made Megapacks worldwide. In addition to China, Tesla already has battery factories in Texas and the southern region of Australia.

Tesla in reverse

As the US government imposes sanctions on China, including trying to ban TikTok in the country under the guise of a “national threat,” Tesla is further expanding its dependence on the country. The government is also encouraging automakers and manufacturers to make more and more products domestically, as we can see from Apple itself with its proposal to use TSMC chips made on American soil.

In March, the government released guidance making electric vehicles eligible for a $7,500 tax credit under the Inflation Reduction Act. Under the updated rules, companies must source minerals for their car batteries from the US and other approved vehicle trading partners in order to qualify for the exemption. Joe Biden also said that in order to receive funding under the CHIPS Act, companies will need to sign agreements, undertakes not to expand its production capacity in China. As we can see, Elon Musk does not seem to care much about the recommendations of the American government and is expanding his business in the Asian country.

Scotland tests the world’s first self-driving bus
The CAVForth project, funded by the UK government, aims to carry 10,000 passengers a week.

Source: Engadget

…..