Tesla's Shanghai energy storage super factory, which has attracted attention both domestically and internationally, officially started production on the 11th in the Lingang New Area of the Shanghai Free Trade Zone. As Tesla's first energy storage super factory project outside of the United States, the commercial energy storage batteries produced by this factory will supply the global market and contribute to the world's "green future". The factory's production reflects the optimism of a group of foreign companies, including American companies, towards the prospects of the Chinese economy. China, with its vast market, well-developed industries, and high-quality business environment, will continue to be a hot spot for global corporate investment Bai Ming, a member of the Academic Degrees Committee of the Chinese Academy of Commerce, said. In January 2019, Tesla's Shanghai Gigafactory started construction, creating the "Tesla speed" of "starting, completing, putting into operation, and going public in the same year". Tesla's Shanghai energy storage super factory has continued its high efficiency, starting construction in May last year and now officially put into operation in just over 8 months. Mike Snyder, Vice President of Energy Storage and Charging at Tesla, praised China's business environment and infrastructure capabilities, stating that "the Shanghai Energy Storage Gigafactory once again witnesses the speed of Shanghai and Tesla. Tesla's Shanghai energy storage super factory plans to produce 10000 commercial energy storage batteries annually, with an energy storage capacity of nearly 40 gigawatt hours. The production capacity will begin to ramp up in the first quarter of 2025. Tesla expects that the installed capacity of energy storage products will increase by at least 50% year-on-year in 2025. Energy storage is an important support for accelerating the green transformation of energy. The products of Shanghai Energy Storage Super Factory will be exported to global markets including the Asia Pacific region, providing assistance for global green development. As an important participant in the construction of global ecological civilization, China is the main market for energy storage in the world. According to data from the National Energy Administration of China, as of the end of September 2024, 58.52 million kilowatts/128 million kilowatt hours of new energy storage have been built and put into operation nationwide, an increase of about 86% compared to the end of 2023. The choice of numerous foreign companies investing in China indicates their opposition to various forms of 'decoupling and chain breaking' and their pursuit of win-win cooperation with the Chinese market and enterprises Bai Ming said. In 2024, Tesla's electric vehicle sales in mainland China reached a historic high of over 650000 units. During the same period, the sales of new energy vehicles in China reached 12.866 million units, a year-on-year increase of 35.5%. Tesla CEO Elon Musk recently stated that Tesla is willing to deepen investment cooperation with China and play a positive role in promoting economic and trade exchanges between the United States and China. The recently held executive meeting of the State Council approved the "Action Plan for Stabilizing Foreign Investment in 2025". The meeting pointed out that foreign-funded enterprises play an important role in absorbing employment, stabilizing exports, and promoting industrial upgrading. More practical and effective measures should be taken to stabilize the stock and expand the quantity. In 2024, there were 59080 newly established foreign-funded enterprises in China, a year-on-year increase of 9.9%. Experts believe that the Chinese market is a huge "gravitational field" that provides more growth opportunities for the world and attracts foreign companies to firmly "hold heavy positions". (New Society)