tesla unveils \gigafactory\
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

To ramp up mass-market car

Tesla unveils \'Gigafactory\'

Arab Today, arab today

Arab Today, arab today Tesla unveils \'Gigafactory\'

Tesla P85+ all electric car and charging station
New York - Arab Today

Tesla P85+ all electric car and charging station Tesla Motors unveiled plans Wednesday for a so-called "Gigafactory" for advanced electric car batteries as part of a plan to move from niche manufacturer to mass market carmaker. The maker of pricey and coveted electric vehicles said the new battery factory calls for an investment of $4 billion to $5 billion, and will include partners, with some reports saying Japanese group Panasonic was in talks on the deal.
"The Gigafactory is designed to reduce cell costs much faster than the status quo and, by 2020, produce more lithium ion batteries annually than were produced worldwide in 2013," the company said on its blog.
"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 said it would invest $2 billion of its own funds in the new factory, and announced at the same time an offering of $1.6 billion in notes
"At full implementation, the Tesla Gigafactory is expected to have 6,500 dedicated Tesla and production partner employees," the company said in a document filed with regulators.
"The Tesla Gigafactory is currently expected to attain full production capacity in 2020, which is anticipated to be sufficient for the production of approximately 500,000 vehicles annually and stationary storage applications."
The company founded by tech entrepreneur Elon Musk said it had not selected a final site for the facility, but "we currently expect that it will be located in one of the following states: Arizona, Nevada, New Mexico or Texas."
The Japanese daily Nikkei said new facility, expected to handle everything from processing raw materials to assembly, is intended to go onstream in 2017 and to produce small, lightweight batteries for Tesla and possibly for Toyota Motor and other automakers.
Panasonic has worked with Tesla on developing next-generation auto batteries and last year expanded the contract to supply lithium-ion units to the firm to about two billion cells until 2017.
Contacted by AFP, Panasonic said it is "studying every possible way to strengthen ties with Tesla" without confirming the report.
Tesla hinted at the plans last week as it reported a quarterly loss of $16 million, with revenues were up 43 percent from the prior quarter at $615 million.
Consumer Reports this week called the car Tesla Model S the top vehicle of 2014 to buy, calling it a "technological tour de force." The Model S the magazine tested had a sticker price of $89,650, compared with an average of about $34,900 for the remaining nine best model categories.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tesla unveils \gigafactory\ tesla unveils \gigafactory\

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tesla unveils \gigafactory\ tesla unveils \gigafactory\

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday