Tesla to reveal details of battery 'Gigafactory'

Tesla Motors' CEO Elon Musk says that this week, he will detail his plans to build a huge plant to make electric car batteries — so big that he calls it the "gigafactory."
Compared with Tesla's swoopy electric luxury cars, making lithium-ion battery packs sounds decidedly unsexy. But Tesla apparently views the plant as critical to its strategy. Reasons:
•Steady supply. Tesla will make the case that it needs its own source of battery packs. It has made no secret of its inability to get enough batteries through its deal with Panasonic to keep up with demand for its Model S electric sedan. It says the current shortage will last through the first half of the year.
•Other revenue streams. The plant could supply batteries to other carmakers and for other uses. Musk also is chairman of SolarCity, which has announced plans to sell Tesla battery packs to companies to use for emergency backup power storage.
•Future models. Tesla is developing a more mainstream electric car for sale in several years. But it will need to dramatically lower battery costs and increase supply to create a mass-market vehicle.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Joyce Dayton Corp - Solar Tracking Jacks Solutions

Joyce Dayton Corp - Solar Tracking Jacks Solutions

Joyce/Dayton, North America's premier manufacturer of screw jacks and actuators has been in continuous operation for over 140 years. Joyce has become the trusted name in solar tracking with more than 2 gigawatts of power generation equipment in service world-wide. Consider the benefits: • Reliably position 50 tons (or more) • Long life/Low maintenance design • Motorized to meet customer specifications • Customer specified load/speed/fit • Built to ISO9001:2008 standards • Superior surface protection • Integral Trunnion mount • Easy to install. Joyce delivers more than the finished product. Quality is built into the whole process from expert engineering support during design conception to top-notch customer support after shipment. Contact Joyce for the products and support you need.