December 26, 2024 1:21 AM | 2 min read — LaoZhu (@tomzhu_nz) December 25, 2024 Why It Matters: The Tesla Shanghai megafactory is the company's first factory dedicated to the production of energy storage products outside the U.S. Currently, Tesla has only one other factory dedicated to manufacturing megapacks, located in Lathrop, California. The Lathrop facility has the capability of producing 40 GWh of energy storage products. Tesla also has another factory in China called Giga Shanghai which produces the company's popular Model 3 sedans and Model Y SUVs. The company began construction of the factory in January 2019 and it became operational by the end of the year. In the third quarter, which ended in September, Tesla manufactured 469,796 electric vehicles at its factories around the globe. The company is now planning to start production of its two-seater dedicated robotaxi product called Cybercab “before 2027.” Check out more of Benzinga’s Future Of Mobility coverage by following this link. Read Next: