Tesla's battery megafactory in Shanghai, for manufacturing its megapack batteries, has launched production on Tuesday, Chinese official news agency Xinhua said.

American electric vehicle (EV) and battery storage giant Tesla has officially opened its Shanghai Megafactory in China, where it will produce its Megapack energy storage batteries and serve

US electric vehicle maker Tesla’s Megapack battery plant began production on Tuesday. Tesla’s Shanghai mega-factory in the Ling-gang Special Area started its operations with an opening ceremony, according to Tesla, which is owned by US billionaire and advisor to the US government Elon Musk.

Tesla officially began the construction of the Shanghai megafactory in May, taking less than a year from the start of construction to commencing production.

Tesla (TSLA, Financial) shares fell 4% this today's morning even as the company announced a milestone at its new Megafactory in Shanghai. The facility, Tesla's second Megafactory, has begun producing its first Megapack,

Tesla Shanghai energy storage Megafactory launches production on February 11. Photo: courtesy of Tesla. Tesla held a ceremony on Tuesday to mark the production launch of its Megapack energy storage plant in Shanghai’s Lingang New Area,