Elon Musk’s Tesla has now opened its second “Megafactory” in Shanghai. Its first such Megafactory, which produces Tesla cars, with about two-thirds of vehicles produced sold in China, and one-third exported to overseas markets such as Europe. The new Megafactory is producing energy-storage batteries known as Megapacks, which are also for the global market.
Xinhua notes that the new Megafactory was constructed in less than a year, showing that Musk has shown the capacity to produce at China-style speed. They add that Musk also expressed in January that Tesla “is ready to deepen investment in and cooperation with China, and play a positive role in promoting U.S.-China economic and trade interactions.”
