Tags: Tesla | Nevada | Battery | Plant

Tesla Officially Picks Nevada for $5 Billion Battery Plant

Thursday, 04 Sep 2014 07:20 PM

Tesla Motors Inc. has selected Nevada as the site for a $5-billion battery factory that will be key to its next generation of electric cars, Nevada Governor Brian Sandoval announced on Thursday.

The California-based electric car maker is still hammering out the final details on the plant that will crank out cheaper and more efficient battery packs for Tesla's future cars, including the $35,000 Model 3 that is due in 2017.

Japan's Panasonic Corp will produce lithium ion cells for battery packs and will fund part of the cost of the plant, which is considered an important part of Tesla's ambitions of taking on major automakers. California, Texas, Arizona and New Mexico were also in competition for the plant.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Companies
Tesla Motors Inc. has selected Nevada as the site for a $5-billion battery factory that will be key to its next generation of electric cars, Nevada Governor Brian Sandoval announced on Thursday.
Tesla, Nevada, Battery, Plant
119
2014-20-04
Thursday, 04 Sep 2014 07:20 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved