Electric automotive maker Tesla plans to construct a manufacturing unit in Shanghai to provide energy storage units on the market worldwide, Chinese state media reported.

The plans name for annual manufacturing of 10,000 Megapack items, in accordance with the Xinhua News Agency and state tv.

They mentioned the corporate made the announcement at a signing ceremony in Shanghai, the place Tesla operates a automotive manufacturing unit.

The manufacturing unit is because of break floor within the third quarter of this yr and begin manufacturing within the second quarter of 2024, the experiences mentioned.

Tesla didn’t instantly reply to requests for data.