Tesla to Announce Plans of Gigafactory in Nevada

| September 4, 2014 at 1:36 pm
Categories: Breaking, Electric Vehicles, News  |  Print Post   |   Email Post
Tesla to Announce Plans of Gigafactory in Nevada

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Telsa is expected to reveal that Nevada will be the site of its “gigafactory”, the large-scale lithium ion battery manufacturing plant estimated to cost up to $5 billion to build. Tesla executives will attend a press conference hosted by Nevada Gov. Brian Sandoval that will involve “a major economic development announcement,” according to the governor’s website. A Tesla spokesman confirmed that company executives would attend the announcement and noted that Tesla was still in talks with Nevada officials. Nevada is one of five states jockeying to be the home for Tesla’s large-scale lithium ion battery plant.

No further details were revealed. “Out of respect for the process in the state, we are not giving out any more details on the announcement, but obviously, you can put one and one together,” Tesla spokesman Simon Sproule told Automotive News on Wednesday. In the recent months, Tesla has been evaluating potential gigafactory sites in Nevada, California, Arizona, New Mexico and Texas. The California Legislature this past weekend adjourned without taking up a proposed Tesla incentive package.

Tesla CEO Elon Musk said the company in June broke ground on a site near Reno, Nev., that “could potentially” be the location for its gigafactory. Tesla plans to run the factory with its battery supplier, Panasonic Corp. “Nevada has a lot to offer as Tesla’s ‘gigafactory’ location. The state is very business friendly, it’s relatively close to Tesla’s assembly plant in Fremont, Calif., and Nevada has an extremely sunny climate, supporting Musk’s desire to incorporate solar energy into the plant’s manufacturing process,” said Karl Brauer, senior analyst at Kelley Blue Book’s KBB.com.

via AutoNews

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