gigafactory

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News and Information about gigafactory

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Tesla Gigafactory II is confirmed to rise in Europe

Tesla has been known to diversify and boost its global presence regardless of the cost. A second Gigafactory in Europe only proves this so well. In fact, Tesla’s CEO Elon Musk has confirmed something more during a recent press conference in Germany. Aside from batteries, the gigantic manufacturing plant will also be used for vehicle production.

Musk met the press following announcements that they had already acquired Grohmann Engineering. The recent acquisition of the business group is intended to increase quality, speed up the production and bring in more cost-effective strategies to the company.

While in the press meeting, the CEO also explained how the company is bent on pushing the Model 3 in the market, at the soonest possible time. In addition, he also mentioned that the company has other important “investments”. He further described this investment as “the machine that builds the machine”, and that, it will be one of Tesla’s most significant production strategy.

Read the entire article Tesla Gigafactory II is confirmed to rise in Europe

Hundreds of Panasonic workers to do prep at Tesla’s gigafactory this fall

This fall, hundreds of Panasonic Corp. employees will be dispatched to the gigafactory of Tesla Motors in Nevada to prepare to produce lithium ion batteries for electric cars starting in 2016. The deal between Panasonic and Tesla is a key aspect of massive restructuring in the past few years to cut losses caused by cheaper Asian counterparts.

Panasonic has let go of non-profitable products such as plasma TVs and smartphones. Instead, it has turned its focus on energy-saving home systems. This year alone, it has invested almost $500 million towards its auto-related segment. At a briefing held recently, Yoshio Ito, head of Panasonic's automotive and industrial systems division, said that “hundreds” of workers will be needed initially.

Ito said that for its automotive business, Panasonic intends to invest about 60 billion yen ($478 million) in the current fiscal year through March. The gigafactory is included in this estimate. Tesla predicts that the cost of this plant will go up to about $5 billion, with Panasonic to provide about 30 to 40% of the investment in a plant that is needed in Tesla’s plan to boost sales.

Read the entire article Hundreds of Panasonic workers to do prep at Tesla’s gigafactory this fall

Tesla will build its Gigafactory in Nevada

Tesla Motors made the official announcement that Nevada will be the place where it will build the massive battery factory. The final details are still not available, but we do know that the battery factory will be company’s key to the success of its upcoming electric cars. For those who don’t know, Tesla’s plans are to build cheaper and more efficient battery packs as it prepares to roll out the Model 3 in 2017, with a price tag of $35,000.

Accordind to Steve Hill, executive director of Sandoval’s office of Economic Development, Nevada Governor Brian Sandoval will need $1.3 billion in financial incentives in order to help Tesla build its factory. The new Gigafactory is expected to cost up to $10 billion.

If it receives the $1.3 billion which will come in form of tax breaks and abatements, Tesla will need to invest a minimum $3.5 billion in manufacturing equipment and real property in the estate.

Read the entire article Tesla will build its Gigafactory in Nevada

Tesla breaks ground in Nevada, but still undecided on gigafactory location

Tesla Motors Inc. may have already broke ground on a site near Reno, Nevada, but it remains undecided where to located its large-scale battery facility. Aside from Nevada, Tesla is also assessing sites in California, Arizona, New Mexico and Texas.

Tesla chief executive Elon Musk remarked during the carmaker’s second-quarter earnings conference call that the construction pad required to construct the gigafactory in Nevada is essentially complete. Musk, however, said that Tesla will do similar site preparations in “one or two” other states, with a final decision up in the “next few months.”

According to Musk, Tesla is laying the groundwork to commence construction quickly once it decides which is best site and state incentive package, instead of waiting for the details to be finalized.

Read the entire article Tesla breaks ground in Nevada, but still undecided on gigafactory location

Tesla Motors Inc. and Panasonic Corp. have reached an agreement to collaborate on the construction and operation of company’s gigafactory in the United States. Under the plan, Tesla will provide and manage the land and buildings while Panasonic will outfit the site with machinery and take charge of the production of lithium-ion battery cells.

In a statement, the companies said the gigafactory is aimed at cutting the cost of long-range battery packs in parallel with production at volumes required to asllow Tesla meet its goal of making mass market EVs.

The partners have yet to finalize certain details like sales and investment. Tesla will take Panasonic’s gigafactory cells and then assemble battery modules and packs for its EVs, including the new Model 3 sedan that will have a starting price just half of the Model S.

Read the entire article Tesla and Panasonic ink deal to collaborate on gigafactory

Financial incentives are being proposed by California lawmakers in a bid to persuade Tesla Motors Inc. to build its battery gigafactory in the state. Already based in California, Tesla has trimmed down the number of possible locations for $5 billion lithium-ion battery plant to a couple of states – California, Texas, New Mexico and Arizona.

Once operational, Tesla’s plant will employ around 6,500 workers. The bill was introduced by California Democratic state Senate leader Darrell Steinberg along with Republican state Senator Ted Gaines." Steinberg remarked that the gigafactory would help California achieve the dual goals of strengthening its economy and fostering more clean technology and renewable energy.

The bill will have to be approved by a two-thirds majority vote from both houses of the legislature before it can be passed. The bill is aimed at expediting approval processes for breaking ground on the factory and offering Tesla a series of tax cuts.

Read the entire article California bill proposes incentives for Tesla’s planned gigafactory

The decision for the location of Tesla Motors Inc.’s “gigafactory” won’t be out until end of 2014, according to chief executive Elon Musk. The proposal for the expansive battery site was first disclosed in February, aimed at supplying lower-cost lithium-ion cells for Tesla cars and battery packs for home-power storage devices.

Musk remarked that Tesla is readying sites in up to three states “all the way to creating a foundation,” completing plans and gaining local approval. “It might actually be three states that we do it in,” he said during the carmaker’s annual shareholders meeting.

Tesla is planning to increase deliveries of its Model S sedan by over 56 percent this year, expanding beyond the US to China and other international markets.

Read the entire article Tesla to decide on gigafactory location before end of the year

Tesla Motors Inc. will soon name locations in at least two states for its planned battery "gigafactory." The carmaker will also soon break ground at each site to make that one of them will be ready to supply lithium ion battery packs within three years. Tesla is aiming to hike global output of the Model S by 56 percent in 2014 and is planning to introduce a volume electric vehicle.

The carmaker announced in February that it was planning the largest battery plant in the world and was assessing sites in Arizona, Nevada, New Mexico and Texas. Tesla chief executive Elon Musk said that lower-cost battery packs are vital in ensuring that Tesla's planned less costly model arrives to market on time.

He told Automotive News in an interview that their strategy entails having sites in at least two states, “just in case there's last-minute issues."

Read the entire article Tesla to name possible sites for planned battery “gigafactory” in two US states

Panasonic Corp. has yet to commit to investing in the "Gigafactory" battery project in the United States as proposed by Tesla Motor Inc.’s Elon Musk since it would raise investment risks, according to Panasonic President Kazuhiro Tsuga. Panasonic is Tesla’s 's primary supplier of lithium ion cells for its electric Model S sedans.

Tesla disclosed plans for the Gigafactory in February and is reviewing possible locations sites in four southwestern US states. According to Tesla, the battery plant may need up to $5 billion to build and employ about 6,500 people by 2020. Musk has remarked that Panasonic may be involved in the factory, but said the battery maker’s participation is "not 100 percent confirmed."

Craig Irwin, an analyst for Wedbush Securities Inc., wrote in a note this week that having Panasonic as a joint venture partner would facilitate Tesla’s strategic access to the Japanese company’s supply chain, and reduce risks. Texas, Arizona, New Mexico and Nevada -- the four states that Tesla identified as potential locations -- have commenced lobbying efforts to secure the site.

Read the entire article Panasonic is not yet committed to Tesla Gigafactory

Tesla Motors Inc. is intending to invest $2 billion into a car battery site in the United States that could supply lithium ion packs for 500,000 vehicles annually by the end of the decade. The site -- expected to commence operations in 2017 -- is part of Tesla's blueprint for a more affordable electric vehicle. It would also be the first major, integrated US site that builds battery cells for electric cars.

Tesla said in a blog that it has already narrowed the list of sites for the facility to locations in Nevada, Arizona, New Mexico and Texas, adding that "final site selection activities are underway." Tesla and partners are expected to spend between $4 billion and $5 billion into the site through 2020. The site will enable Tesla "to achieve economies of scale and minimize costs through innovative manufacturing, reduction of logistics waste, optimization of co-located processes and reduced overhead," according to the carmaker.

By end of the decade, the plant is expected to build more lithium ion batteries annually than were produced globally in 2013. "By the end of the first year of volume production of our mass market vehicle, we expect the Gigafactory will have driven down the per kWh cost of our battery pack by more than 30 percent," Tesla disclosed.

Read the entire article Gigafactory: Tesla to invest $2 billion into a US car battery plant
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