Tesla Motors Building Huge Battery Factory

  • VOA News

    August 04, 2014 08:18

    U.S. electric car manufacturer Tesla Motors and the Japanese Panasonic Corporation agreed to build the world's largest battery manufacturing plant.

    According to a deal signed Thursday, the plant -- known as Gigafactory -- will be built in the U.S. and managed by Tesla, while Panasonic will supply equipment for the mass production of lithium-ion cells. The finished products will be used in electric cars manufactured by Tesla Motors and for stationary storage of energy.

    The back end of the Tesla Roadster /AP
    In Tesla's view, the high price of batteries prevents electric cars from advancing to the mass market.

    The company hopes it will be able to lower the cost of long-range battery packs by optimizing the manufacturing process and locating all aspects of production at one site.

    Tesla says Gigafactory may employ as many as 6,500 people by 2020.

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