<p>Tesla is going to build a new megafactory near Houston to operate a battery storage facility, <em>Electrek</em> reported on Wednesday, citing a tax abatement agreement with Waller County in Texas.</p><p>The electric vehicle company is going to build and manage its Megapack energy products in over a 1-million-square-foot building near Katy, Texas, according to the report.</p><p>Under the tax agreement, the company will receive abatements from the county based on property upgrades, including $44 million in facility improvements and $150 million in Tesla manufacturing equipment.</p>.Tesla signs deal for first India showroom to sell imported EVs.<p>The Waller County office of Economic Development Partnership and Tesla did not immediately respond to Reuters' requests for comment.</p><p>The majority of Tesla's income is generated from its EV business, but CEO Elon Musk has been working on growing its solar energy and battery business.</p><p>Tesla has a similar gigafactory in China, where production trials began late last year. The plant will help the company take advantage of China's supply chain and lower costs of its lithium-ion batteries.</p><p>The new factory in Texas should also create around 1,500 jobs, Electrek reported.</p>
<p>Tesla is going to build a new megafactory near Houston to operate a battery storage facility, <em>Electrek</em> reported on Wednesday, citing a tax abatement agreement with Waller County in Texas.</p><p>The electric vehicle company is going to build and manage its Megapack energy products in over a 1-million-square-foot building near Katy, Texas, according to the report.</p><p>Under the tax agreement, the company will receive abatements from the county based on property upgrades, including $44 million in facility improvements and $150 million in Tesla manufacturing equipment.</p>.Tesla signs deal for first India showroom to sell imported EVs.<p>The Waller County office of Economic Development Partnership and Tesla did not immediately respond to Reuters' requests for comment.</p><p>The majority of Tesla's income is generated from its EV business, but CEO Elon Musk has been working on growing its solar energy and battery business.</p><p>Tesla has a similar gigafactory in China, where production trials began late last year. The plant will help the company take advantage of China's supply chain and lower costs of its lithium-ion batteries.</p><p>The new factory in Texas should also create around 1,500 jobs, Electrek reported.</p>