Core Viewpoint - The signing of the agreement for the Gigawatt-level grid-side independent energy storage project in Lingang New Area marks a significant investment of 4 billion yuan, establishing a foundation for Tesla's energy storage products in mainland China [1][3]. Group 1: Project Overview - The project, led by Kangyao Energy under China Kangfu, involves a total investment of 4 billion yuan and will utilize Tesla's Megapack for the construction of the energy storage demonstration project [3]. - This project is expected to become the largest grid-side energy storage project in China upon completion, promoting the local energy storage industry significantly [3]. Group 2: Collaboration and Future Prospects - China Kangfu and Tesla plan to deepen their cooperation in energy business and promote the "Lingang Zero Carbon Energy Solution" both domestically and internationally [3]. - The project will provide flexible adjustment resources for the local power system, aiding in the consumption of renewable energy and ensuring stable electricity supply during peak demand periods in Shanghai [3]. Group 3: Tesla's Energy Storage Products - Tesla's Megapack features high energy density, integrated system design, modularity, efficient energy management, and multiple safety protections, offering a low-risk, plug-and-play solution for grid storage [5]. - In 2024, Tesla's global energy business is projected to grow rapidly, with a total installed capacity of energy storage products reaching 31.4 GWh [5]. Group 4: Manufacturing and Export - Tesla's first energy storage factory outside the U.S. began operations in Shanghai in February 2025, with the first Megapack system exported to Australia in March 2025 [7]. - The Megapack systems produced in Shanghai have been exported to multiple countries and regions in Europe and Oceania [7].
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