STORY: Tesla's Shanghai Megafactory launches production
SHOOTING TIME: Feb. 11, 2025
DATELINE: Feb. 11, 2025
LENGTH: 00:01:29
LOCATION: SHANGHAI, China
CATEGORY: ECONOMY/TECHNOLOGY

SHOTLIST:
1. various of Tesla's Shanghai Megafactory
2. STANDUP (English): ZHOU RUI, Xinhua correspondent
3. various of Tesla's Megapacks
4. SOUNDBITE 1 (English): MIKE SNYDER, Vice president of Tesla
5. various of production
6. various of Tesla's Shanghai Megafactory
7. SOUNDBITE 2 (English): MIKE SNYDER, Vice president of Tesla
8. various of construction (file)
9. various of Tesla's Shanghai Megafactory

STORYLINE:

STANDUP (English): ZHOU RUI, Xinhua correspondent
"Tesla's Shanghai Megafactory officially put into operation on Tuesday. This Megafactory is dedicated to building energy-storage batteries named Megapacks."

With an initial annual production capacity of 10,000 units, or roughly 40 gigawatt-hours of energy storage, this Megafactory is set to significantly contribute to Tesla's global energy storage goals. The company anticipates a year-on-year increase of 50 percent in energy storage deployments in 2025.

SOUNDBITE 1 (English): MIKE SNYDER, Vice president of Tesla
"It's really an ability for us to scale the production and the efficiency of our business. Historically, we've only had one factory in the United States. And it (this Megafactory) allows us to basically double our capacity and ship to more markets around the world and to work on our efficiency and costs so that our customers can enjoy Megapacks globally. They're gonna be exported and they will be exported this quarter."

Notably, mass production at the factory commenced just eight months after construction began.

SOUNDBITE 2 (English): MIKE SNYDER, Vice president of Tesla
"I would expect 12 or a little more than 12 months. All the teams are working together with the same goal. You really can reduce the friction in the system and the decision-making is nearly instantaneous. The support from the local government is a major contributor as well. They make sure that we can move at the speed that we needed to and that they were in full supportive of the factory."

Covering an area of approximately 200,000 square meters, the new Shanghai plant represents a total investment of about 1.45 billion yuan (around 202 million U.S. dollars), according to the administration of the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone, where this Tesla facility is located.

Xinhua News Agency correspondents reporting from Shanghai, China.
(XHTV)