Autoencoder (AE) is the key to the success of latent diffusion models for image and video generation, reducing the denoising resolution and improving efficiency. However, the power of AE has long been underexplored in terms of network design, compression ratio, and training strategy. In this work, we systematically examine the architecture design choices and optimize the computation distribution to obtain a series of efficient and high-compression video AEs that can decode in real time on mobile devices. We also unify the design of plain Autoencoder and image-conditioned I2V VAE, achieving multifunctionality in a single network. In addition, we find that the widely adopted discriminative losses, i.e., GAN, LPIPS, and DWT losses, provide no significant improvements when training AEs at scale. We propose a novel latent consistency loss that does not require complicated discriminator design or hyperparameter tuning, but provides stable improvements in reconstruction quality. Our AE achieves an ultra-high compression ratio and real-time decoding speed on mobile while outperforming prior art in terms of reconstruction metrics by a large margin. We finally validate our AE by training a DiT on its latent space and demonstrate fast, high-quality text-to-video generation capability.