Tesla's battery megafactory in Shanghai, for manufacturing its megapack batteries, has launched production on Tuesday, Chinese official news agency Xinhua said.

Tesla officially began the construction of the Shanghai megafactory in May, taking less than a year from the start of construction to commencing production.

US electric vehicle maker Tesla’s Megapack battery plant began production on Tuesday. Tesla’s Shanghai mega-factory in the Ling-gang Special Area started its operations with an opening ceremony, according to Tesla, which is owned by US billionaire and advisor to the US government Elon Musk.

Tesla (TSLA, Financial) shares fell 4% this today's morning even as the company announced a milestone at its new Megafactory in Shanghai. The facility, Tesla's second Megafactory, has begun producing its first Megapack,

Tesla Shanghai energy storage Megafactory launches production on February 11. Photo: courtesy of Tesla. Tesla held a ceremony on Tuesday to mark the production launch of its Megapack energy storage plant in Shanghai’s Lingang New Area,

As Tesla's first energy storage Megafactory outside the United States, the new Lin-gang plant only took nine months from groundbreaking, which took place in May 2024, to its official operation. This was three months faster than when Tesla's EV gigafactory in Lin-gang became operational in January 2020.