Tesla is building a Megapack factory in Shanghai
Sunday’s announcement sees Tesla increasing its reliance on China at a time when the US is using economic policy to push automakers and other manufacturers to produce more of their products domestically.
At the end of last month, the Treasury Departmentdetailing what electric vehicles qualify for the Inflation Reduction Act’s $7,500 EV tax credit. Under the updated rules, the department states companies must source the minerals in their car batteries from the US and other approved trading partners for the vehicles to qualify for the incentive.
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Tesla to Build New China Plant for Energy Storage BatteryTesla is building a new factory in Shanghai to produce its Megapack battery, Chinese state media reported Sunday, further expanding into the country at a time of fraught U.S.-China ties
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