US billionaire Elon Musk s electric carmaker Tesla is planning to begin building a battery factory in Shanghai "in the near future," with the produced goods expected to be used mainly for export, Tesla China President Wang Hao said on Monday.
Tesla and the Shanghai Free-Trade Zone authorities have signed an agreement to build a super factory for the production of Megaback high-capacity commercial energy batteries, the company reported on Twitter.
Bitcoin is created when high-powered computers compete against other machines to solve complex mathematical puzzles, an energy-intensive process that currently often relies on fossil fuels.