The company's business scope includes energy storage technology services and solar power technology services, and may be the operating entity for Tesla's energy storage business in China.

(Image credit: CnEVPost)

Tesla has registered a new company in Shanghai that will perhaps be the operating entity for its energy storage business in China.

The company, called Tesla (Shanghai) New Energy Co Ltd, was established on April 13 with a registered capital of $2 million, according to data provider Tianyancha.

The company's registered address is at Lingang area in Shanghai's Pudong New Area, and its legal representative is Wang Hao, with Tom Zhu, who was named senior vice president of Tesla's automotive business earlier this month, as chairman.

Wang joined Tesla at the beginning of its entry into China in April 2014 as head of the destination charging program in China. He became vice president of Tesla China in January 2018 and began his role as general manager of Tesla China in August 2019.

Tesla's business scope for this new-energy company includes energy storage technology services, solar power technology services, automotive parts research and development, and import and export of goods.

The information hints that the company may be the operating entity for Tesla's energy storage business in China.

On April 9, Tesla signed a contract with Shanghai's Lingang authorities to build a new Megafactory in the area, which will be dedicated to the production of Tesla's energy storage product Megapack.

The Megafactory will be Tesla's first energy storage system factory outside of the US home market, with an initial planned annual production capacity of up to 10,000 commercial energy storage batteries and an energy storage scale of nearly 40 GWh, with products to be supplied to the global market.

The plant is scheduled to start construction in the third quarter of this year and go into operation in the second quarter of 2024.

Tesla's factory in China is located in Lingang area, which began operations at the end of 2019 and has now become Tesla's largest EV production base in the world.

Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system