US EditionTesla Signs Deal for $556 Million Grid-Scale Battery Storage Station in China
- Tesla signed a $556 million deal with Shanghai and China Kangfu Leasing to build its first large-scale grid-side battery storage station in China in June 2025.
- The deal follows a growing global energy storage market, which rose by 42 gigawatts in 2023 amid ongoing U.S.-China trade tensions and recent positive tariff talks.
- The Shanghai project will use Tesla's Megapack batteries to provide real-time grid regulation, peak-shaving, frequency regulation, and support renewable integration in the Lingang New Area.
- Tesla's first-quarter 2025 report showed energy storage deployments hit a record 10.4 GWh and energy revenue grew 67% to $2.73 billion, with Musk stating the energy business is growing substantially.
- The Shanghai station will become the largest of its kind in China, positioning Tesla to expand its energy infrastructure role while supporting national carbon neutrality and energy security goals.
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Elon Musk Is Building a Massive Battery Plant for Communist China.
PULSE POINTSWHAT HAPPENED: Tesla has signed a deal to construct its first grid-scale battery power plant in China, resurfacing concerns regarding Tesla CEO Elon Musk’s ties to the Chinese Communist Party (CCP).WHO WAS INVOLVED: Tesla, the Chinese Communist Party (CCP), and China Kangfu International Leasing.WHEN & WHERE: Project announced recently; it will be based in Shanghai, China.KEY QUOTE: “After completion, this project is expected to beco…
Tesla signs agreement to build its first Chinese grid-side energy storage project in Shanghai
US electric car maker Tesla signed an agreement on Friday for its first grid-side energy storage project in the Chinese mainland, according to a statement the company sent to the Global Times on Friday.
·Beijing, China
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Leaning Left3Leaning Right2Center6Last UpdatedBias Distribution55% Center
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R 18%
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