BEIJING/SHANGHAI, Dec 22 (Reuters) — Tesla (TSLA.O) has acquired land in Shanghai for a megapack battery manufacturing plant with production expected to start in the fourth quarter of 2024, Chinese state media reported on Friday.
Tesla paid 222.42 million yuan ($31.13 million) for use rights to a 19.7-hectare (48.7 acres) plot, a separate government statement said on Thursday. The site is near an existing Tesla plant producing Model 3 and Model Y cars.
Tesla did not immediately respond to a request for comment.
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