How Tesla’s battery ‘Gigafactory’ could change everything — not just electric cars
Tesla announced it is cooperating with Japanese industrial giant Panasonic to development a new, US-based battery production facility. Dubbed the Gigafactory, the facility will be able to produce batteries for as many as 500,000 EVs per year by the year 2020.
The scale of the production is projected to be so large, in fact, that by 2020 the Gigafactory alone would produce as much battery capacity as the entire world produced in 2013.
To be sure, the impact of the Gigafactory will positively affect electric auto sales. The Gigafactory’s scale and capacity may be felt across the technology and energy sectors as well.
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