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Tesla The first transaction concluded a battery construction transaction in China amid strenuous trade relations between Beijing and Washington.
American company located in Chinese social media service Weake What the project will be the largest in China in China when it is over.
Battery storage system systems help electric networks maintain demand and equilibrium. They increasingly need to overcome the inconsistency and inconsistency of supply caused by intermittent energy sources such as sunny and wind.
Jicai Chinese mass media first reported that the transaction worth $ 4 billion ($ 556 million) was signed by Tesla, the Shanghai Local Government and the China Kangfu International Leasing, Reuters reports.
Tesla said its battery factory in Shanghai has created more than 100 megap-batarea intended for deployment of utilities in the first quarter of this year. One megap can provide up to 1 megawatt power within four hours.
“The power plant on the network side is a” smart regulator “for urban electricity that can flexibly customize network resources,” Tesla said on Weibo, Google Translation reports.
This “effectively resolves the pressure of the city power supply and provide a safe, stable and effective need for the city’s electricity,” it added. “Upon completion, this project is expected to be the largest energy storage project in China.”
According to the company’s website, each Megapack is sold for just under $ 1 million in the US prices for China.
The deal is important for Tesla like China Cat and the car Bake compete with similar products. Both Chinese companies have made significant entry into the development and production of batteries, with about 40% of the world market.
Catl is expected to supply the batteries and payments used in the TESLA Megapacks, the Reuters news source reports.
The Tesla deal with the Chinese local government is also important as it comes after US President Donald Trump has hit import tariffs from China, straining the geopolitical relations between the two largest economies in the world.
Tesla Executive Director Elon Musk was also a close ally of President Trump in the initial stages of the trade war, which further complicated businesses for American carmilts in China.
However, the demand for installing a battery with network scale is significant in China. In May last year, Beijing set a new goal to add almost 5 gigawat power supply on the batteries, by the end of 2025, which led to a total capacity of up to 40 gigawat.
Tesla also exports its mega to Europe and Asia from its Shanghai plant to meet world demand.
According to the International Energy Agency, the capabilities for global battery storage systems increased by 42 gigawat, almost doubled the overall growth of the power observed last year, the International Energy Agency reports.
– Arjun Kharpal Arjun Kharpal made a report.
