We look at Tesla, Inc.'s Shanghai Megapack factory and how it fuels nonlinear growth. Read more on TSLA stock and why we're upgrading it.

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

Storyline Tesla's Megafactory in Shanghai begins production of Megapack batteries (Voice_over) Tesla's new Megafactory, which produces energy storage products, officially went into production. The Shanghai facility is Tesla's first Megafactory outside the United States and marks another major investment in China following the Gigafactory Shanghai car manufacturing plant.

The opening of the $200 million Megapack battery plant in Shanghai highlights Elon Musk’s unusual position as Tesla CEO and Trump administration adviser.

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,

U.S. carmaker Tesla's new Megafactory in Shanghai, dedicated to manufacturing energy-storage batteries known as Megapacks, launched production on Tuesday, marking a significant expansion of the company's presence in China.