Tesla held a ceremony on Tuesday to mark the production launch of its Megapack energy storage plant in Shanghai’s Lingang New Area,meaning Tesla's China operations has entered a new phase,the Global Times has learned.

The energy storage Megafactory is the first of its kind built by Tesla outside the US and the company's second plant in Shanghai.

Mike Snyder,Vice President of Energy and Charging at Tesla,said at the ceremony that Tesla's Shanghai energy storage Megafactory is scheduled to ramp up production this quarter,which will assist Tesla to expand into more markets.

Construction of the energy storage Megafactory began in May 2024.The project took just 7 months to complete,setting a new record that surpasses the"Tesla speed"established by the Tesla Shanghai Gigafactory in 2019,which is known for its"groundbreaking,production,and delivery all in the same year."

The energy storage factory covers an area of approximately 200,000 square meters,which is equivalent to the size of 30 standard soccer fields.It initially plans to produce 10,000 Megapack units a year,with a storage capacity of nearly 40 GWh.

With the official launch of the energy storage Megafactory in Shanghai,it is expected that by 2025,Tesla's energy storage installation capacity will achieve at least 50-percent year-on-year growth,the company said.