Tesla Planning to Expand Industrial Energy Storage Business Into India

MT Newswires Live

03/20

Tesla (TSLA) is expanding its industrial energy storage business into India, according to a job opening posted on its website.

The job opening is for a business development lead tasked with heading the company's "entry into India for utility-scale energy storage," according to the posting.

Tesla Megapack is its large-scale energy storage division, with industrial battery manufacturing facilities in Lathrop, California, and Shanghai, China, according to the company's website.

India aims to boost its non-fossil fuel energy capacity from over 262 gigawatts by the end of 2025 to 500 gigawatts by 2030, according to a Reuters report on Friday.

Price: 372.85, Change: -7.45, Percent Change: -1.96

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