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Tesla Rising Nearly 35% in 7 Days with Amazing Growth in Energy Storage Business | From Wall Street to Lujiazui

因醉鞭名马幌
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The US stock market was closed on Thursday, while Tesla rose over 6.5% on Wednesday, marking the seventh consecutive day of gains, with a total increase of nearly 35%. Previously, Tesla Energy, a subsidiary of Tesla, released data showing that 9.4GWh of battery energy storage products were deployed in the second quarter, setting a record for the highest quarter, with a quarter on quarter growth of 129% and a year-on-year growth of 157%, representing an astonishing growth rate. The cumulative deployment of 13.5GWh energy storage products in the first half of the year has approached the total amount of last year. Musk previously stated at the shareholder meeting that Tesla's business in energy storage is growing rapidly, with an annual growth rate of 200% -300%. Tesla's Shanghai Energy Storage Super Factory officially started construction in late May and is expected to start production in the first quarter of next year. After production, the Megapack production of the ultra large electrochemical commercial energy storage system will reach 10000 units, with a storage capacity of nearly 40GWh. Tesla's energy storage business layout in China is expected to drive the vigorous development of related industry chains. In terms of A-shares, World Circuit, which currently supplies energy storage related PCB products to Tesla in bulk globally, rose to the limit yesterday; Xidian New Energy, which is equipped with Tesla energy storage products for battery connection system products, saw a 4.54% increase in revenue.
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