Elon Musk's company says the plant will be able to produce 10,000 'Megapack' battery units a year.
Building work on the new Megapack plant in China is expected to begin later this year, with battery production due to get underway by the summer of 2024, according to Chinese state media outlet Xinhua.China is the biggest producer of batteries, which Tesla will be able tap into to increase production and lower costs.
The announcement came as the US government has been pressing American companies to become less reliant on China amid rising tensions between Beijing and Washington.The guidelines were part of a $50bn plan aimed at building up the US semiconductor industry. In August, Mr Biden signed a law committing $280bn to high tech manufacturing and scientific research, amid fears that the US is losing its technological edge to China.
In 2019, Tesla opened its first factory outside the US in Shanghai. The plant currently produces 22,000 vehicles a week.announced plans for another overseas plant in Monterrey, MexicoChina, which is the world's largest car market, has seen a sharp drop in vehicle sales this year as the economy slows.
Last month, Tesla cut the prices on models made at its Shanghai plant as it faced a backlog of unsold vehicles and tough competition in the country.Watch: The moment SpaceX tests its powerful rocket system
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