Growth to Megapack #TeslaNewsSummary

1. Tesla Reveals Official Bigger ‘Model YL’
   Tesla has officially announced Model YL, an extension of the Model Y in China.
   The new SUV is about 7 inches longer than the traditional Model Y, and features a six-seat configuration, new wheels, light gold exterior colors, new seats and spoilers, and a modified C-pillar design.
   Closer to a third-row SUV, the vehicle will be released in the fall of 2025.
2. Tesla files 380-mile version of ‘Model 3+’ in China
   Tesla has registered a new Model 3+ vehicle with China’s Ministry of Industry and Information.
   The model will offer up to 380 miles (roughly 610 km)** of mileage and is currently in the regulatory catalog for public comment.
3. 1,000th Tesla Megapack installation completed in Australia
   UGL and Neoen have successfully installed their 1,000th Tesla Megapack in five Neoen projects across Australia.
   The total Megapack installed so far weighs 37.8 million kg, more than 9,000 elephants.
   Our future installation target is 2,000 Megapacks.
4. Panasonic Opens $4 Billion Battery Plant In Kansas, U.S
   Panasonic has officially opened a $4 billion EV battery production plant in Kansas.
   The plant has begun mass production of 2170 cells and plans to expand production capacity to 32 GWh per year.
   The Kansas plant is aiming for about 20% higher productivity than the existing Nevada plant.
5. Redwood Signs Memorandum Of Understanding With GM For Battery Recycling Cooperation
   Battery recycling specialist Redwood Materials has signed a non-binding Memorandum of Understanding (MOU) with GM.
   This is to accelerate energy storage system (ESS) deployment through GM’s recycling of U.S.-made and electric vehicle battery packs.
6. Hyundai Motor is pushing for a massive ’48V conversion’ of vehicle electronic devices
   Hyundai Motor plans to fully introduce a 48V architecture similar to the Tesla Cybertruck and phase out the existing 12V system.
   The transition is aimed at responding to high-function battlefield devices such as autonomous driving, communications, and reverse steering systems, and aims to build gradually with partners by 2029.
   The goal is to reduce costs and modernize electronic architecture.