From Torque News.

Tesla’s energy business is BOOMING, and they’re doubling down! While the automotive world watches closely, Tesla quietly unveils its second Megafactory, this time in Shanghai. Just weeks after rumors swirled, the first Megapack has rolled off the production line, ready to supercharge grids across the globe. This isn’t just another factory; it’s a strategic power move, perfectly positioned to serve booming markets like Australia and solidify Tesla’s dominance in the rapidly expanding energy storage sector. Is this the secret weapon Tesla needs to offset shrinking car margins?

But the energy storage game isn’t without its challenges. While volumes surge, Tesla’s facing pressure on prices and fierce competition from familiar foes like BYD and CATL – even they are now building Megapack rivals! Will Tesla’s Shanghai expansion be enough to maintain its edge, or will the competition catch up? Join us as we dive deep into this electrifying development, analyzing the implications for Tesla, the energy industry, and the future of power itself. Get ready for a shock!

This is Armen Hareyan from Torque News. Please follow us at https://twitter.com/torquenewsauto on Twitter and https://www.torquenews.com/ for daily automotive news. Also, follow us on Telegram at https://t.me/teslaev

Reference
https://electrek.co/2025/02/11/tesla-starts-production-at-megafactory-in-shanghai/