Tesla agrees to build China’s largest grid-scale battery power plant
Tesla In the midst of a tense trade relationship between Beijing and Washington, he signed his first agreement to build a grilled battery power plant in China.
US company published in China Social Media Service Weibo that the project will be the largest in China when the project is completed.
Benefit -scale battery energy storage systems help electrical grids to keep supply and demand in balance. More and more needed to close the supply-demand incompatibility caused by intermittent energy sources such as sun and wind.
According to the Reuters news agency, the Chinese media organization Yicai first reported that the agreement, which was first worth 4 billion Yuan ($ 556 million), was signed by Şangay local government and financing company China Kangfu International Rental.
Tesla said that the battery factory in Shanghai was designed for more than 100 megapack-public service-scale distribution in the first quarter of this year. A megapack can provide 1 megawatt power for four hours.
According to the Google translation, Tesla said, “The grid side is a ‘smart regulator’ for urban electricity that can flexibly adjust the grid resources.” He said.
This “will effectively solve the pressure of the urban power supply and the city will provide safe, stable and efficient electricity demand,” he added. “After completing, this project is expected to be the largest grilled side of the energy storage project in China.”
According to the company’s website, it could not be sold slightly less than $ 1 million in the US pricing for China.
The agreement is important for Tesla because China CATL and car manufacturer Byd Compete with similar products. The two Chinese companies have made an important way in battery development and production, and the first had about 40% of its global market share.
According to the Reuters news source, Catl was expected to supply battery cells and packages used in Tesla’s megapacks.
Tesla’s agreement with the Chinese local authority is also important after US President Donald Trump slapped import tariffs from China after pushing the geopolitical relationship between the two largest economies in the world.
Tesla General Manager Elon Musk was a close ally of President Trump in the early stages of the Trade War, and even more complexity for US car manufacturers in China.
However, the demand for grilled battery installation is important in China. In May last year, Beijing set a new target to add a new target to add about 5 Gigawatt batteries to the end of 2025 and brought the total capacity to 40 Gigawatt.
Tesla also exports Megapacks to Europe and Asia from Shanghai facility to meet global demand.
According to the International Energy Agency, the capacity of global battery energy storage systems increased by 42 Gigawatts in 2023 and increased the total increase in the previous year’s capacity.
– Arjun Kharpal from CNBC contributed to reporting.
