Tesla inks first deal to build China's largest grid-scale battery power plant
1. Tesla secures a $556 million battery project in China. 2. It will become China's largest grid-scale battery installation. 3. Tesla's Shanghai factory produced over 100 Megapacks this quarter. 4. Competition rises from CATL and BYD in battery storage. 5. China aims to increase battery supply capacity to 40 gigawatts by 2025.