China's Jinjiang International Group has signed a joint venture framework agreement with Warner Bros to develop a Harry Potter theme park in Shanghai, according to an announcement on Jinjiang's WeChat social media account,

Warner Bros. Discovery Inc. plans to open its largest Making of Harry Potter studio tour in Shanghai in 2027, seeking to capitalize on the local popularity of the movies and China’s push to boost consumer spending.

Tesla has commissioned a new megafactory in Shanghai, China, to manufacture energy-storage batteries, known as Megapacks, reported Xinhua. This facility, which is set to contribute to Tesla’s global energy storage goals,

As Tesla's first energy storage Megafactory outside the United States, the new Lin-gang plant only took nine months from groundbreaking, which took place in May 2024, to its official operation. This was three months faster than when Tesla's EV gigafactory in Lin-gang became operational in January 2020.

Tesla's battery megafactory in Shanghai, for manufacturing its megapack batteries, has launched production on Tuesday, Chinese official news agency Xinhua said.