Arab Today, arab today tesla unveils \gigafactory\
Last Updated : GMT 01:11:51
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 New York - Arab Today 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

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs

GMT 08:17 2017 Friday ,13 October

Norway seeks 'Tesla tax' on electric cars

GMT 08:34 2017 Wednesday ,11 October

X-TRAIL 2018 launches in the Middle East

GMT 12:57 2017 Saturday ,07 October

Japan's Denso unveils $1 bn investment

GMT 16:08 2017 Wednesday ,04 October

US car sales get boost

GMT 04:50 2017 Tuesday ,03 October

Ford offers Saudi activist her dream car
Arab Today, arab today
Arab Today, arab today

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*

Arab Today, arab today tesla unveils \gigafactory\ Arab Today, arab today 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*

Arab Today, arab today tesla unveils \gigafactory\ Arab Today, arab today tesla unveils \gigafactory\

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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