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

Tesla (NASDAQ: TSLA) has officially started production at its Shanghai battery megafactory, dedicated to manufacturing its high-capacity Megapack energy storage systems, according to Chinas state news agency,

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