3d Retreat

Tesla Gigafactory For US Battery Production

Posted In Auto, News - By Aaron Benzick on Thursday, February 27th, 2014 With No Comments »

Tesla has announced its intentions to build a “Gigafactory” for producing large scale lithium ion batteries in the US. The factory expects to takeover the market from Asia by 2020 and bring down battery prices by 30%. This will transition nicely into Tesla’s plans to build a more affordable vehicle that will have sales numbers. More details can be found in the Official Tesla Blog Post.

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