TESLA New Megafactory In Shanghai, China

Tesla, the electric vehicle manufacturer led by CEO Elon Musk, has announced plans to open a new Megafactory in Shanghai. The new factory will be capable of producing 10,000 Megapacks a year, according to a tweet from Musk on Sunday. The Megapack is a large battery system used for utilities that can store energy and help stabilize power grids, preventing outages. The Megapack has been praised for its ability to enable grid operators to move extra capacity between counties or states, and for ensuring that power from intermittent sources can be stored and used when demand is higher or when