Tesla, the electric vehicle (EV) company that’s credited with revolutionising electric mobility, has announced today the start of operations at their new production facility in Nevada, billed the ‘Gigafactory.’
The Gigafactory represents a huge leap forward for Tesla and for the American manufacturing industry, as the facility is the first of its kind in the country to produce high-density batteries, a product that’s usually left to facilities and suppliers in Japan, China, and South Korea.
According to a Bloomberg report, the mass production of Tesla’s batteries should also help drive prices down, with lower margins needed to hit profit targets. As it is, the Gigafactory is producing ‘Powerpack’ power storage devices to supply a deal struck between Tesla and power company Southern California Edison to prevent blackouts by substituting fuel-powered generators with charged-up lithium-ion Powerpacks.
‘Powerwall 2’ home batteries are also a product of the Gigafactory, with shipments of the power-storage devices scheduled to begin at the end of January. The sheer volume of Powerwall products on order means that Tesla is able to sell them for roughly 30% less than their closest competitors. Paired with Tesla’s acquisition of SolarCity, the largest solar-panel installer in America, the company is on track to transform itself from an electric vehicle manufacturer to a green technology, clean-energy firm.
Crucially for car-nuts like us though, is that the Gigafactory finally gives Tesla the manufacturing capabilities to meet its ambitious sales targets for its upcoming Model 3 mass-market EV. The battery packs for the most affordable Tesla yet will start production in the second quarter of this year, in conjunction with the production commencement of the Model 3 itself.
For more information on Tesla, check out the Tesla Showroom.
By: Aiman A
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