Tesla Secures $557M Energy Storage Deal with Shanghai as Energy Division Grows

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Tesla (NASDAQ: TSLA) has reportedly inked a massive $557 million energy storage station deal with Shanghai authorities, marking the electric vehicle giant’s first grid-scale battery storage project in China. The agreement, signed Friday between Tesla, China Kangfu International Leasing Co, and the Shanghai government, involves a 4 billion yuan investment and will utilize Tesla’s Megapack batteries for large-scale energy infrastructure source: https://tokenist.com/tesla-secures-557m-energy-storage-deal-with-shanghai-as-energy-division-grows/?utm_source=rss&utm_medium=rss&utm_campaign=tesla-secures-557m-energy-storage-deal-with-shanghai-as-energy-division-grows