Latest news with #Megapack
Time of India
7 hours ago
- Automotive
- Time of India
Elon Musk's Tesla to build China's biggest ever battery power plant
Representative Image Tesla has signed its inaugural agreement to construct a grid-scale battery power plant in China, a report claims. This move comes amidst ongoing trade tensions between the US and China. The Elon Musk-led electric vehicle maker took to the Chinese social media platform Weibo to announce that this project, upon completion, will be the largest of its kind in China. The deal, valued at 4 billion yuan ($556 million), was signed by Tesla, the Shanghai local government and financing firm China Kangfu International Leasing , a report by the news agency Reuters noted, citing Chinese media outlet Yicai. Utility-scale battery energy storage systems are crucial for maintaining balance within electricity grids, especially as intermittent renewable energy sources like solar and wind become more prevalent. What Tesla said about building the biggest ever battery power plant in China Tesla announced that its Shanghai battery factory produced over 100 Megapacks in the first quarter of this year. Each Megapack is capable of delivering up to 1 megawatt of power for four hours, making it suitable for utility-scale energy storage. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Urologists: Men With ED - Try This Tonight Health Paradise Learn More Undo In the Weibo post, Tesla wrote (translated from Chinese): 'The grid-side energy storage power station is a 'smart regulator' for urban electricity, which can flexibly adjust grid resources.' Tesla added that this would 'effectively solve the pressure of urban power supply and ensure the safe, stable and efficient electricity demand of the city.' It also noted that, 'after completion, this project is expected to become the largest grid-side energy storage project in China.' The company's website states that each Megapack is priced at just under $1 million in the US, though pricing details for China have not been disclosed. According to the Reuters report, the deal is a major step for Tesla as it faces competition from Chinese battery giants CATL and BYD, with CATL holding around 40% of the global market. CATL is also expected to supply components for Tesla's Megapacks. The agreement with a local Chinese authority is especially notable amid ongoing US-China trade tensions and past political ties between Elon Musk and former US President Donald Trump. China's demand for large-scale battery storage is growing rapidly, with a target to add nearly 5 gigawatts by 2025, the Reuters report adds. Tesla is also exporting Megapacks from its Shanghai plant to Europe and Asia to meet rising global demand. In 2023, global battery energy storage capacity rose by 42 gigawatts, which is almost double the growth seen in the previous year, according to the IEA. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
NBC News
8 hours ago
- Automotive
- NBC News
Tesla inks first deal to build China's largest grid-scale battery power plant
Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington. The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in China when completed. Utility-scale battery energy storage systems help electricity grids keep supply and demand in balance. They are increasingly needed to bridge the supply-demand mismatch caused by intermittent energy sources such as solar and wind. Chinese media outlet Yicai first reported that the deal, worth 4 billion yuan ($556 million), had been signed by Tesla, the local government of Shanghai and financing firm China Kangfu International Leasing, according to the Reuters news agency. Tesla said its battery factory in Shanghai had produced more than 100 Megapacks — the battery designed for utility-scale deployment — in the first quarter of this year. One Megapack can provide up to 1 megawatt of power for four hours. 'The grid-side energy storage power station is a 'smart regulator' for urban electricity, which can flexibly adjust grid resources,' Tesla said on Weibo, according to a Google translation. This would 'effectively solve the pressure of urban power supply and ensure the safe, stable and efficient electricity demand of the city,' it added. 'After completion, this project is expected to become the largest grid-side energy storage project in China.' According to the company's website, each Megapack retails for just under $1 million in the U.S. Pricing for China was unavailable. The deal is significant for Tesla, as China's CATL and carmaker BYD compete with similar products. The two Chinese companies have made significant inroads in battery development and manufacturing, with the former holding about 40% of the global market share. CATL was also expected to supply battery cells and packs that are used in Tesla's Megapacks, according to a Reuters news source. Tesla's deal with a Chinese local authority is also significant as it comes after U.S. President Donald Trump slapped tariffs on imports from China, straining the geopolitical relationship between the world's two largest economies. Tesla Chief Executive Elon Musk was also a close ally of President Trump during the initial stages of the trade war, further complicating the business outlook for U.S. automakers in China. The demand for grid-scale battery installation, however, is significant in China. In May last year, Beijing set a new target to add nearly 5 gigawatts of battery-powered electricity supply by the end of 2025, bringing the total capacity to 40 gigawatts. Tesla has also been exporting its Megapacks to Europe and Asia from its Shanghai plant to meet global demand. Capacity for global battery energy storage systems rose 42 gigawatts in 2023, nearly doubling the total increase in capacity observed in the previous year, according to the International Energy Agency.
CNBC
10 hours ago
- Automotive
- CNBC
Tesla inks first deal to build China's largest grid-scale battery power plant
Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington. The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in China when completed. Utility-scale battery energy storage systems help electricity grids keep supply and demand in balance. They are increasingly needed to bridge the supply-demand mismatch caused by intermittent energy sources such as solar and wind. Chinese media outlet Yicai first reported that the deal, worth 4 billion yuan ($556 million), had been signed by Tesla, the local government of Shanghai and financing firm China Kangfu International Leasing, according to the Reuters news agency. Tesla said its battery factory in Shanghai had produced more than 100 Megapacks — the battery designed for utility-scale deployment — in the first quarter of this year. One Megapack can provide up to 1 megawatt of power for four hours. "The grid-side energy storage power station is a 'smart regulator' for urban electricity, which can flexibly adjust grid resources," Tesla said on Weibo, according to a Google translation. This would "effectively solve the pressure of urban power supply and ensure the safe, stable and efficient electricity demand of the city," it added. "After completion, this project is expected to become the largest grid-side energy storage project in China." According to the company's website, each Megapack retails for just under $1 million in the U.S. Pricing for China was unavailable. The deal is significant for Tesla, as China's CATL and carmaker BYD compete with similar products. The two Chinese companies have made significant inroads in battery development and manufacturing, with the former holding about 40% of the global market share. CATL was also expected to supply battery cells and packs that are used in Tesla's Megapacks, according to a Reuters news source. Tesla's deal with a Chinese local authority is also significant as it comes after U.S. President Donald Trump slapped tariffs on imports from China, straining the geopolitical relationship between the world's two largest economies. Tesla Chief Executive Elon Musk was also a close ally of President Trump during the initial stages of the trade war, further complicating the business outlook for U.S. automakers in China. The demand for grid-scale battery installation, however, is significant in China. In May last year, Beijing set a new target to add nearly 5 gigawatts of battery-powered electricity supply by the end of 2025, bringing the total capacity to 40 gigawatts. Tesla has also been exporting its Megapacks to Europe and Asia from its Shanghai plant to meet global demand. Capacity for global battery energy storage systems rose 42 gigawatts in 2023, nearly doubling the total increase in capacity observed in the previous year, according to the International Energy Agency.
Yahoo
4 days ago
- Automotive
- Yahoo
1 High-Flying Stock on Our Buy List and 2 to Avoid
"You get what you pay for" often applies to expensive stocks with best-in-class business models and execution. While their quality can sometimes justify the premium, they typically experience elevated volatility during market downturns when expectations change. Finding the right balance between price and quality can challenge even the most skilled investors. Luckily for you, we started StockStory to help you identify the real opportunities. Keeping that in mind, here is one high-flying stock to hold for the long term and two with big downside risk. Forward P/E Ratio: 124.6x Originally founded by Martin Eberhard and Marc Tarpenning in 2003, Tesla (NASDAQ:TSLA) is an electric vehicle company accelerating the world's transition to sustainable energy. Why Is TSLA Not Exciting? Tesla's scale advantage in EV production leads to gross margins that exceed incumbents such as General Motors and Ford. However, a softer macroeconomic backdrop and tariff pressures have weighed on automobile sales, which are highly cyclical. The company's execution ability is a question mark given its long history of delays, such as the Cybertruck and Robotaxi launches. Its sizeable investments in projects with uncertain return timelines, like Optimus, also raise skepticism from investors. On the bright side, Tesla's Megapack product solves a critical problem for utilities needing renewable energy storage solutions. This innovation has made the energy segment the most profitable and fastest-growing business line for the company. Tesla is trading at $326.92 per share, or 124.6x forward price-to-earnings. If you're considering TSLA for your portfolio, see our FREE research report to learn more. Forward P/E Ratio: 104.7x With over 350 imaging facilities across seven states and a growing artificial intelligence division, RadNet (NASDAQ:RDNT) operates a network of outpatient diagnostic imaging centers across the United States, offering services like MRI, CT scans, PET scans, mammography, and X-rays. Why Does RDNT Give Us Pause? Smaller revenue base of $1.87 billion means it hasn't achieved the economies of scale that some industry juggernauts enjoy Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 3.9 percentage points Low returns on capital reflect management's struggle to allocate funds effectively RadNet's stock price of $55.30 implies a valuation ratio of 104.7x forward P/E. Dive into our free research report to see why there are better opportunities than RDNT. Forward P/E Ratio: 30.1x Founded in 1993 by Jensen Huang and two former Sun Microsystems engineers, Nvidia (NASDAQ:NVDA) is a leading fabless designer of chips used in gaming, PCs, data centers, automotive, and a variety of end markets. Why Is NVDA a Good Business? Impressive 140% annual revenue growth over the last two years indicates it's winning market share this cycle Share repurchases over the last five years enabled its annual earnings per share growth of 80.2% to outpace its revenue gains Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends, and its improved cash conversion implies it's becoming a less capital-intensive business At $141.80 per share, Nvidia trades at 30.1x forward P/E. Is now a good time to buy? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as ServiceNow (+178% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
Haymes Hotel Launches Sustainable Modular Hotel Suites
LOS ANGELES, CA / / June 11, 2025 / Haymes Hotel, a forward-thinking hospitality company, announces the debut of its new line of prefabricated modular hotel suites. Designed to deliver "barefoot luxury," these turnkey suites merge architectural sophistication with environmental responsibility. A New Standard in Modular HospitalityHaymes Hotel introduces a compelling alternative to conventional lodging by offering elevated modular suites built for immersive, nature-connected experiences. Rather than following short-term trends, the brand focuses on long-term value and meaningful guest experiences. Distinct from glamping or tiny homes, each suite is fully equipped, delivering the comfort and quality of traditional hospitality while maintaining a seamless connection to the natural environment. Engineered for Local Compliance and CustomizationWhere many prefabricated developers face regulatory friction and generic output, Haymes Hotel builds every suite to local code from the outset. This site-specific compliance model accelerates approvals and mitigates costly delays. Each unit is also highly customizable. Clients can select from a curated palette of finishes and materials to ensure the suite harmonizes with its landscape. This approach balances efficiency with individuality without additional cost. Built Inside the Nation's Most Advanced Modular FacilityAll construction takes place inside a 200,000-square-foot MegaFactory in Patterson, California. The controlled environment includes dedicated work pods that eliminate weather disruptions and improve build consistency. Suites can be completed in as little as 45 days. The MegaFactory itself is powered by renewable energy, including FreeVolt PV Graf™ solar panels and Tesla's Megapack storage system. To date, over 37,000 pounds of embodied carbon have been eliminated through strategic material selection, including the avoidance of steel, copper, and vinyl. Materials are evaluated not only for performance and aesthetics but also for sustainability. For example, Haymes Hotel uses hemp fiber batt insulation made of 90% natural fiber. It contains no VOCs or toxins, delivers superior performance, and is safe for installers and guests alike. Modern Ownership Meets Direct-to-Guest TechnologyHaymes Hotel is also reimagining how rooms are marketed and managed. Guests book directly through bypassing third-party fees common to platforms like Airbnb. For owners, the company is developing proprietary software that streamlines bookings, maintenance, and performance tracking, allowing individuals to own income-producing hotel real estate with minimal overhead. About Haymes HotelHaymes Hotel designs and manufactures sustainable, prefabricated modular hotel suites for short-term rental in remote and scenic locations. Each unit is crafted to blend into its environment while offering a premium guest experience and maximizing operational efficiency. Full Name: Haymes HotelEmail Address: haymesclayton@ Angeles, CA SOURCE: Haymes Hotel View the original press release on ACCESS Newswire
