In an effort to capitalize on its presence in the world’s biggest electric vehicle (EV) market, Tesla has announced it will be launching its Energy Division in China.
The announcement was made through a series of images posted to social media in China. The three images depict a Supercharger, Powerwall, and solar panel. The three products will all be part of a special event tomorrow, June 23 in Lhasa, Tibet.
Not included in the promotional images is any mention of pricing. Tesla China’s website is still missing this information, and still does not allow customers to place orders for either the Powerwall battery storage units or solar panels.
Much like the situation in Canada, the product pages only gives the option to sign up to receive the latest updates from the company.
It is unknown at this time where the Powerwall units destined for the Chinese market will be made. CEO Elon Musk has stated demand for the home battery storage units far exceeds the current supply coming from Giga New York.
Tesla did recently open a Supercharger factory in Shanghai, which could present the perfect opportunity to add to the Powerwall supply chain.
The addition of home battery storage units like the Powerwall and the ability to generate your own electricity with solar panels in a market as large as China’s could be a big boost to the company’s bottom line. In the first quarter of 2021, Tesla’s Energy Division reported revenue of $494M.