China - February 12, 2025 Storyline Tesla's Megafactory in Shanghai begins production of Megapack batteries (Voice_over) Tesla's new Megafactory, which produces energy storage products, officially went into production. The Shanghai facility is Tesla's first Megafactory outside the United States and marks another major investment in China following the Gigafactory Shanghai car manufacturing plant. The new factory will focus on producing Megapack systems, with an expected annual capacity of 10,000 units, equivalent to an energy storage capacity of nearly 40 gigawatt hours. Mass production is scheduled for the first quarter of 2025. (Sound_bite) Mike Snyder, Vice President, Tesla: "In May 2024, we announced to set up a new Megafactory in Lingang, Shanghai. In just seven months, the Tesla team went from breaking ground to completing construction, a truly inspiring achievement where we've witnessed the incredible speed and efficiency of Tesla and Shanghai once again. 2025 will be a historic year for Tesla's Energy business. We have and will continue to make significant investments in manufacturing capacity, and we expect energy storage deployments to grow over 50 percent year-over-year in 2025." [Restrictions : No access Chinese mainland]